- Joined
- 6 August 2009
- Posts
- 344
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- 1
no talk on here about this one.
surprising.
doing a bit of research on them and found that they have a HUGE amount of fingers in a HUGE amount of pies
from their site they have
OZ:
AC/P22 a 1.25% gross overriding royalty interest which applies to all production from the entire permit
TP15 - 100% the very large Xanadu Prospect which is located entirely within Norwest’s TP/15 acreage. interest Xanadu is a large culmination on the Beagle Ridge and is a geologic look-alike to the producing 60 million barrel Cliff Head oil field
L14/EP413 - 1.278% Working Interest Origin Energy operates the permits. Since production commenced, the Jingemia Oilfield has produced 3,985,600 barrels, with 50,940 barrels net to Norwest.
EP368/EP42 - Equity Swap to result in Norwest holding 20% in each license - Norwest previously held a 10% interest in EP368 with the remainder held by Australian Worldwide Exploration and Origin. Both companies have announced their intention to withdraw from the permit and agreed, subject to the consent of the Western Australian Department of Mines and Petroleum, to assign their respective interests in the license to Norwest’s wholly owned subsidiary Westranch, thereby increasing Norwest’s interest to 100%. This paved the way for Norwest to enter into an Agreement with Empire that, subject to approvals, Westranch and Empire will swap equities in EP368 and EP426 resulting in Westranch holding a 20% interest in each permit.
UK:
PEDL 238 - Norwest 50% & Operator - is located just to the north of BP’s giant Wytch Farm oil field which has produced over 400 million barrels of oil and has estimated total reserves of 500 million barrels
PEDL 239 - Norwest 75% & Operator - Norwest has purchased a substantial amount of additional seismic data over the license and has completed preliminary seismic interpretations. Preliminary investigations indicate that deep basement involved geologic structuring is highly prospective beneath the Isle of Wight.
interesting play with, it seems like lots of potential
i'm in.
surprising.
doing a bit of research on them and found that they have a HUGE amount of fingers in a HUGE amount of pies
from their site they have
OZ:
AC/P22 a 1.25% gross overriding royalty interest which applies to all production from the entire permit
TP15 - 100% the very large Xanadu Prospect which is located entirely within Norwest’s TP/15 acreage. interest Xanadu is a large culmination on the Beagle Ridge and is a geologic look-alike to the producing 60 million barrel Cliff Head oil field
L14/EP413 - 1.278% Working Interest Origin Energy operates the permits. Since production commenced, the Jingemia Oilfield has produced 3,985,600 barrels, with 50,940 barrels net to Norwest.
EP368/EP42 - Equity Swap to result in Norwest holding 20% in each license - Norwest previously held a 10% interest in EP368 with the remainder held by Australian Worldwide Exploration and Origin. Both companies have announced their intention to withdraw from the permit and agreed, subject to the consent of the Western Australian Department of Mines and Petroleum, to assign their respective interests in the license to Norwest’s wholly owned subsidiary Westranch, thereby increasing Norwest’s interest to 100%. This paved the way for Norwest to enter into an Agreement with Empire that, subject to approvals, Westranch and Empire will swap equities in EP368 and EP426 resulting in Westranch holding a 20% interest in each permit.
UK:
PEDL 238 - Norwest 50% & Operator - is located just to the north of BP’s giant Wytch Farm oil field which has produced over 400 million barrels of oil and has estimated total reserves of 500 million barrels
PEDL 239 - Norwest 75% & Operator - Norwest has purchased a substantial amount of additional seismic data over the license and has completed preliminary seismic interpretations. Preliminary investigations indicate that deep basement involved geologic structuring is highly prospective beneath the Isle of Wight.
interesting play with, it seems like lots of potential
i'm in.