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- Norwest Energy (NWE) advises a seismic acquisition program has wrapped up ahead of the spudding of the Lockyer-2 well in the Perth Basin, Western Australia
- Energy Resources, the joint venture operator that completed the 385-square-kilometre Rococo program, has begun demobilising crew and equipment
- Now, the parties are preparing for the Lockyer-2 well to spud within the next week, subject to the completion of maintenance and rig-up
- The well has a planned total depth of 4451 metres, which is expected to be reached 35 days from spudding
- NWE shares are trading grey at 6.6 cents and MIN shares are down 1.61 per cent to $87.30 at 2:31 pm AEDT
Norwest Energy (NWE) has advised a seismic acquisition program has wrapped up ahead of the spudding of the Lockyer-2 well in the Perth Basin, Western Australia.
Energy Resources, NWE’s joint venture partner and a subsidiary of Mineral Resources (MIN), completed the 385-square kilometre Rococo program and said the demobilisation of crew and equipment was underway.
Now, the parties are preparing for the spudding of the Lockyer-2 well within the next week, subject to the completion of maintenance and rig-up.
The well has a planned total depth of 4451 metres, which the company estimates will be reached 35 days from spudding.
Today’s news follows the release of Mineral Resources’ third supplementary bidder’s statement in relation to its takeover offer of NWE.
NWE shares were trading grey at 6.6 cents and MIN shares were down 1.61 per cent to $87.30 at 2:31 pm AEDT.
