UK Overview

The Wessex Basin - onshore southern England

Norwest Energy has interests in three adjacent project areas in southern England’s Wessex Basin.

While southern England is not generally recognised as having significant potential for oil and gas discoveries, this underexplored region contains Western Europe’s largest onshore oil field – the BP-operated Wytch Farm – which has estimated original reserves of 500MMbbl (400MMbbl produced to date).

Since Wytch Farm’s discovery in 1973, no other significant oil field has been found in the Wessex Basin, which remains underexplored. Onshore England has been overshadowed by the higher North Sea petroleum province, but as working the North Sea becomes more difficult and more expensive, this is likely to change. Norwest’s UK acreage is close to Wytch Farm and the company believes it has done well to secure prime acreage in the Wessex Basin at this time.

Another reason for the limited exploration in Wessex Basin is its high population and dense development. While undertaking seismic in such areas is logistically difficult and expensive, Norwest’s expertise in various forms of gravity gradiometry surveys has proved invaluable in this region. Preliminary survey results have been very positive and indicate that Norwest’s geological model for the basin is sound.

PEDL 238PEDL 089PEDL 239
 

Recent Announcements

26 August 2010
App3b EIS Options [pdf 45k]
24 August 2010
TP15 Update [pdf 25k]
19 August 2010
Farmout to BPRL [pdf 185k]
10 August 2010
Farmout and SPP Extended [pdf 33k]
28 July 2010
June Quarterly Statement [pdf 1meg]
28 July 2010
SPP & Farmout [pdf 39k]

Presentations

19 April 2010
Excellence in Oil and Gas
Conference Flyer Sydney [pdf 267k]
19 April 2010
Excellence in Oil and Gas
Conference Presentation Sydney [pdf 876k]
23 November 2009
Foundations laid for strategic
growth presentation

Media Reports

24 August 2010
Oil & Gas Gazette [pdf 128k]
21 August 2010
Bharat release to Bombay Stock Exchange [pdf 56k]
06 August 2010
Oil & Gas Gazette [pdf 165k]
30 July 2010
Norwest Special Edition [pdf 1meg]
28 July 2010
PNN Article [pdf 97k]
23 June 2010
PNN Article [pdf 117k]
08 June 2010
Australian Mining Review [pdf 220k]
26 May 2010
Shale the New Flavour [pdf 42k]

Subscribe

For all the latest news and developments at Norwest
Click here to subscribe to our mailing list

Share Price

Norwest Energy is listed on the ASX. To access current share price data click here.

Contact

Norwest Energy NL
Ground Floor
288 Stirling Street,
Perth, Western Australia 6000

Postal Address
PO Box 8260
Perth Business Centre
Western Australia 6849

Tel: +61 8 9227 3240
Fax: +61 8 9227 3211
Email: info@norwestenergy.com.au