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Perth Basin oil and gas exploration company Norwest Energy has provided its final operational update for the Lockyer Deep-1 conventional gas discovery well. The well has been successfully suspended for production testing and the rig has been released.
Warrego Energy reports that West Erregulla independent Reserves certification supports the ability to satisfy foundation Gas Sale Agreement (GSA). Results are in line with previous certification. Potential to grow resources through further exploration in EP469.
It said that the discovery made by Energy Resources and Norwest Energy may have positive implications for multiple exploration targets within its 50%-owned EP469 in Western Australia.
Mineral Resources subsidiary secures rig for exploration gas drilling in Perth Basin The beginning of drilling later this month will be a milestone for the company’s subsidiary as it signifies the start of an extensive conventional gas exploration program. The company is fully committed to achieve net-zero emissions by 2050. Mineral Resources Limited’s (ASX: MIN) wholly-owned subsidiary Energy Resources Limited (ERL) has secured a rig to drill conventional gas exploration well Lockyer Deep 1 in the onshore Perth Basin, Western Australia. Lockyer Deep Prospect is on exploratio...
S&P/ASX 200 gains as IT, health care stocks outperform Companies S&P/ASX 200 gains as IT, health care stocks outperform Oil prices jumped to its highest level in six years after talks between OPEC and its oil-producing allies were postponed indefinitely. On Tuesday, US oil benchmark West Texas Intermediate crude futures surged to US$76.98, a price not seen since November 2014. S&P/ASX 200 (INDEXASX:XJO) gained 0.65% to 7,308.7 points by about 12.50 pm as high-growth technology and health care stocks rebounded from Tuesday’s selloff, outperforming the heavyweight banks, miners an...