NWE 0.00% 5.6¢ norwest energy nl

Krao, WBE' annual report actually shows 3D seismic possible...

  1. 233 Posts.
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    Krao,
    WBE' annual report actually shows 3D seismic possible acquisition date of Q4 2018 not H1 2019.
    Approval could happen any day now. I could not find any updated scheduled date.
    quote:
    RESOURCES - Perth Basin, Western Australia Xanadu Oil Discovery (15% JV interest)
    • WBE earned 15% of WA TP15 by drilling the Xanadu 1 discovery well in September 2017.
    • Oil samples confirmed Cliff Head Oil field (14km to NW) is an analogue.
    • Mapping conducted by operator post drill suggests the Xanadu structural accumulation is North of Xanadu-1.
    • Appraisal work currently underway.
    • 3D seismic planning underway for possible Q4 2018 acquisition.
    Unquote
 
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