EP413 (Norwest 55.606%- reducing to 27.803%) Unconventional - Shale gas potential During the quarter Norwest also focussed on the planning for the proposed Arrowsmith#2 well. It is proposed that this well will be drilled in Q1/2011 when a rig is expected to become available. Arrowsmith was drilled in the sixties and flowed gas from the Caryinginia at 4MMcf/d. The objectives of Arrowsmith #2 are to recover core from each of the three shale sequences, to drill to basement to test conventional targets and then to plug back and drill horizontal the Caryinginia to test for production from the natural fractures and if necessary run hydraulic fracs.
NWE Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
