EXPLORATION

Norwest looks for more Perth Basin oil

NORWEST Energy reckons it has a “significant new oil prospect” in its 20%-owned EP 368 in the Perth Basin, suggesting a heightened geological change of success of 25% improved by recent seismic data reprocessing and a prospective recoverable resource of 61 million barrels of oil.

Company planning for development of permit shared with MinRes

Company planning for development of permit shared with MinRes

It shares the permit in a 20-80 split with operator Mineral Resources, and Norwest said today with the heightened optimism after some seismic reprocessing the joint venture expects to make a decision on...

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