Isle of Wight Area: PEDL 239

(Norwest 75% and operator)

home_needles.jpgThe PEDL 239 permit is on the Isle of Wight, southeast of Dorset and east of the Wytch Farm oil and gas field. Norwest has acquired an airborne gravity survey over the licence and has also purchased a substantial amount of additional seismic data covering PEDL 239.

The Company is meshing seismic and gravity interpretations. The island's geology is complex and assessment of this permit's prospectivity is ongoing, but surveys of this block do indicate that large, deep structures with significant potential for oil and gas lie beneath and adjacent to the island. These structures include several four-way closures - classic oil and gas exploration targets that could become drillable prospects.

It is still early in Norwest's work in this permit, but the Company's regional geology and geophysical and resource evaluation for its Wessex Basin blocks (completed in early 2010) has identified one promising lead on the Isle of Wight. On a P50 (50% likelihood) basis, if oil is present in the Razorback structure, it could hold 14.12 million barrels of recoverable oil.

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]

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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