ASX Announcement ( ASX: NWE )Progress ReportRed Hill South ?V...

ASX Announcement ( ASX: NWE )
Progress Report
Red Hill South ?V 1
Norwest Energy NL (ASX: NWE) provides the following update on drilling operations at
the Red Hill South-1 well at 10:30hrs 17 March 2011.
Since the last report on 16th March operations have continued as follows;
?h We are drilling at 1729 m MD in the Irwin River Coal Measures
?h No significant gas shows or florescence
?h Drilling ahead to the Highcliff target
?h TD is expected this evening
?h After drilling to TD wireline logs will be run to evaluate the hydrocarbon potential of the
reservoir
Red Hill South-1 well will test the hydrocarbon potential of the late Permian Dongara
Sandstone reservoir and which are prolific producers at the Hovea and Jingemia oil fields. The
Red Hill South prospect has potential of 34MMbbl oil in place and 9MMbbl recoverable. The
target reservoir is at a depth of 1,580 meters (TD is at 1,910 meters).
In accordance with ASX Listing Rules, Norwest will issue regular updates during the drilling
operations on each Thursday, or after completing an important operational phase and/or
obtaining an important assessment or result.
The participants in Red Hill South are:
Westranch Holdings Pty Ltd1 50%
Bharat PetroResources Ltd 50%
1A wholly owned subsidiary of Norwest Energy NL (Operators of the Joint Venture)
Peter Munachen
Director/CEO
Norwest Energy NL