drilling to commence at jingemia

At last some action. Only a small interest in Jingemia but it's action.

NWE has dropped off the radar and is selling under it's cash backing.(When paid for sale of Cliff Head)

It is appointing a new CEO, cashed up and in the PCL camp. Don't be surprised when this one takes off.

Honest competant directors. Back the team and put a few away. This is the next PCL.

Here's the Jingemia Announcement.

News Release
Thursday 22 April 2004
JINGEMIA –4 DEVELOPMENT / APPRAISALWELL COMMEMCES
ONSHORE PERTH BASIN, WESTERN AUSTRALIA

Norwest Energy NL (“Norwest”) has been advised by the operator, Origin Energy Resources
Limited1, that drilling of the oil development / appraisal well Jingemia-4 located in the onshore
Perth Basin Exploration Permit 413, will commence on Friday, 23 April 2004 using the Century
11 drilling rig.

The Jingemia-4 well is being drilled from a surface location approximately 350m east-northeast
of the Jingemia production facility and has been located to intersect the Dongara Sandstone oil
reservoir near the crest of the field. The aim of the well is to provide a second oil production well
at the Dongara Sandstone oil reservoir level and to appraise the reservoir potential of the
immediately underlying Wagina Formation, which is interpreted to be above the oil water contact
at the Jingemia 4 location. Drilling to the top of the reservoir zone is expected to take 10 to 14
days.

Coring of the Dongara Sandstone and Wagina Formation reservoirs is planned to provide
information which will enable the field development plan to be optimised.

Granting of a production license for the Jingemia field is imminent.

Commenting on the well Norwest’s Director, Andrew Svalbe said, “Jingemia-4 is an important
well for Norwest. We anticipate that a successful well will support up to a doubling in oil
production rates from the field (Jingemia-1 is currently producing at about 2,000 bopd) and we
are hopeful that an upgrade in field reserves will also result in due course.

Participants in EP 413 are:
Origin Energy Developments Pty Ltd1 (Operator) 49.189%
Hardman Oil and Gas Pty Ltd2 22.376%
ARC Energy Limted2 15.495%
Voyager (PB) Limited2 6.270%
Victoria Petroleum Offshore Pty Ltd 5.000%
Norwest Energy NL 1.278%
Roc Oil (WA) Pty Limited 0.250%
John Kevin Geary 0.142%