L14, onshore northern Perth Basin

This area offers current modest production and cashflow.

The L14 production licence contains the Origin Energy-operated Jingemia oil field.

Lying to the northwest of EP413, the L14 production (Norwest 6.278% working interest) lease offers Norwest a modest but reliable revenue stream through the Jingemia oil field.

Jingemia has to date produced more than 4 million barrels out of an estimated oil in place of 12MMbbls. It is currently recovering 39% of in-place oil, leaving significant potential to increase the recovery rate.

The nearby Hovea field is recovering 63% and simulation work predicts Jingemia is likely to recover 44% providing an enhanced oil recovery (EOR) program is used. Jingemia operator, Origin Energy believes a chemical EOR is considered the most likely technique to be commercially viable. The most promising technologies are surfactant flooding and surfactant polymer flooding. These techniques are used successfully in other projects elsewhere and could add further production life to the field.