Great article - Exciting times ahead for NWE

http://www.upstreamonline.com/hardcopy/1228229/players-eye-riches-with-perth-basin-renaissance

Have a read of this article. There is some very exciting times ahead for NWE with TP/15, EP368 to be drilled in 2017  & EP413 a prospect for future drilling. See below for the relevant extracts from the article.  

The initial wells this year are the Waitsia-3 and Waitsia-4 appraisal wells from April to June, which will test the southern and western extremities of the field and will be completed as producers. Enerdrill Rig 3, which drilled the original Senecio-3 (Waitsia) discovery well and the three subsequent appraisals, is understood to have been contracted for the next two Waitsia appraisals. The same rig is a contender for the Norwest Energy-operated Xanadu oil exploration well, which is a significant prospect that has moved to prominence following Norwest’s introduction of three farm-in partners – Australian pair Transerv Energy and Triangle Energy plus Guernsey-incorporated 3C Group. Xanadu has the potential to hold 160 million barrels of oil, and will be a deviated well into offshore Block TP/15.

In the third quarter of 2017, Empire Oil & Gas – the largest acreage holder in the basin – is targeting the drilling of the Lockyer Deep-1 gas well in Block EP368, subject to funding. Empire believes Lockyer Deep is a potential extension of the Waitsia field’s Kingia deep formation, and is a medium risk well with a best case estimate resource of 58 Bcf. The EP368 joint venture comprises Empire and Norwest, with stakes of 80% and 20% respectively.
AWE and Origin are understood to be considering another couple of wells at Waitsia – not forgetting that Origin was a whisker away from divesting its entire Perth basin business until it decided in December 2016 to retain the assets for its newly-created upstream company NewCo. Sources say there was a host of companies wanting to buy Origin’s Perth basin assets.

Another drilling prospect is Arrowsmith-3 in Block EP413, which contains the Arrowsmith gas discovery from 2011. The joint venture – comprising operator Norwest on 27.945%, AWE on 44.252% and India’s Bharat PetroResources  on 27.803% - believes the permit contains significant potential for conventional gas.