Exploration strategy

Norwest has a lean and tightly focused structure; highly prospective acreage in overlooked areas; good relationships with joint venture partners and contractors; the ability to use survey technology effectively and at relatively low cost; and a busy but achievable exploration program.

Norwest’s core regions of operation – the northern Perth Basin and onshore southern England’s Wessex Basin – are known petroleum provinces but are underexplored. They offer relatively low entry costs but have significant potential. The Company’s regional specialisation has enabled it to build a significant body of knowledge about these basins. Information gleaned from work in one permit tends to be relevant to the Company’s other permits in the same basin and operational synergies can be achieved.

Norwest has also built expertise with an underused and cost-effective exploration technology – full-tensor gravity gradiometry imaging (FTG). This technology helps deliver more geological information at a lower cost and is covered in more detail in another part of this website.