Fortbridge Media ReleaseNorwest Energy [ASX: NWE] - Quarterly Activities Report, June 2011Norwest Energy (ASX: NWE) has released its Quarterly Activities Report for June 2011.
HIGHLIGHTS:
* Northern Perth Basin, Arrowsmith -2 shale gas exploration well successfully drilled June 2011 achieves all drilling phase formation evaluation objectives.
* Thick shale intersections in shale gas targets- Kockatea- 460m, Carynginia 250m, Irwin River Coal Measures -330m.
* High Cliff Sandstone potential conventional tight gas play - 22m intersection
* Elevated gas readings while drilling observed throughout target sections with physical evidence of core sweating gas under the protective cling film.
* Project advances toward fracture stimulation and flow testing in September 2011.
* Northern Perth Basin footprint expanded significantly in April with the award of Special Prospecting Authority (SPA) over 212,500 acres ( 860km ) with shale gas potential airborne FTG survey planned to commence early August 2011 to evaluate permit area.
* Planning under way for onshore 2D seismic program over key UK Wessex Basin prospects - re-scheduled for Q1/2012.
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