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Last A$0.0040 AUD
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NWE On Other Exchanges
As of 2:10 AM 08/25/15 All times are local (Market data is delayed by at least 15 minutes).

norwest energy nl (NWE) Snapshot

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09/11/14 - A$0.01
52 Week Low
04/14/15 - A$0.0030
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norwest energy nl (NWE) Details

Norwest Energy NL explores and produces hydrocarbon resources in Australia and the United Kingdom. It focuses on northern Perth basin in Western Australia and Wessex basin in southern England. The company was founded in 1997 and is based in West Perth, Australia.

4 Employees
Last Reported Date: 09/30/14
Founded in 1997

norwest energy nl (NWE) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: A$396.0K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$269.7K
Compensation as of Fiscal Year 2014.

norwest energy nl (NWE) Key Developments

Norwest Energy NL Announces Change in Registered Office Address

Norwest Energy NL announced that registered office and principal place of business will change from 9th March 2015 to Level 2, 6 Thelma Street, West Perth, Western Australia, 6005.

Norwest Energy NL, Annual General Meeting, Nov 27, 2014

Norwest Energy NL, Annual General Meeting, Nov 27, 2014., at 14:30 W. Australia Standard Time. Location: Function Room within the Conference Centre. Agenda: To receive and consider the annual financial statements, the Directors report and Auditor's reports of the company for the year ended 30 June 2014; to adopt remuneration report for the year ended June 30, 2014; to consider re-election of Michael John Fry as Director; to consider 10% Placement Capacity; and to deal with any other business which may be brought forward in accordance with the Constitution and the Corporations Act.

Norwest Energy NL Announces Update on the Australian Exploration Program EP413

Norwest Energy Nl reported on the Australian Exploration Program EP413: Extensive planning work continued during the quarter for the drilling of a horizontal well (Arrowsmith-3), which is expected to occur in Calender year of 2015. This well will target either the Irwin River Coal Measures (IRCM) or the Carynginia Formation, following the high- grading of the two zones in first quarter of 2014 as the two most dominant gas-producing formations. The final decision on the target formation will be made by the EP413 Joint Venture based on the existing dataset, and the final location of the well will be guided by the 3D seismic survey results. Furthermore, progress was made in the regulatory approvals process for the 3D seismic survey, with current expectations that timing remains on track for the on-the- ground work to occur in late fourth quarter of 2014. STP-EPA-0064 (SPA): Native Title negotiations were completed in the quarter, with an Exploration Deed signed with the Traditional Owners of the land over which the exploration permit will cover. The State Deed has been signed by the Western Australian Department of Mines and Petroleum (DMP). The regulatory process of conversion to an exploration permit continues, and is expected to be completed during third quarter of 2014. TP/15: Active discussions with a number of interested parties regarding a potential farm-in agreement continued in the quarter. Norwest is aiming to secure a partner to move forward with the ongoing evaluation of multiple conventional oil targets identified in the acreage. Concurrently, planning and securing the required regulatory approvals for the 2D seismic survey continued, with the survey acquisition planned to occur once approval is granted.


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