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ASX-listed Norwest Energy, along with JV partner and Operator, Mineral Resources, has lodged the environmental plan to drill its highly anticipated Lockyer Deep gas exploration well located near Dongara, north of Perth. Norwest and Min Res are targeting a prospective resource of up to 1.2 trillion cubic feet of gas at the prospect that lies only 15kms north of Strike Energy's huge West Erregulla gas find.

Norwest Energy, along with JV partner and Operator, Mineral Resources, is collaborating with other Perth Basin operators to secure a drilling rig for a multi-well program commencing in the third quarter of this year. Norwest and Mineral Resources are looking to join the consortium to secure a rig on beneficial terms to drill their highly anticipated Lockyer Deep-1 exploration well.

Norwest Energy has A$3M cash in the bank to help it lock in a rig for the highly anticipated Lockyer Deep-1 exploration well that is only 15kms north of Strike Resources' huge West Erregulla gas discovery. Norwest said it was working with the operator, Mineral Resources to secure a rig contract after locking in site access with the local landowner east of Dongara in WA.

Norwest Energy has topped up its cash box in readiness for the drilling of its Lockyer Deep prospect in the Northern Perth Basin. The final payment of A$630,000 was received this week for the sale of its interest in production licence L14 in the North Perth Basin. Norwest is getting set to drill Locker Deep in partnership with uber-successful resources house, Mineral Resources who is not known for backing duds.

Having convinced itself the nearby, giant onshore Waitsia gas field in WA's Perth Basin is not just an anomaly, Norwest Energy has approved the drilling of its Lockyer Deep gas joint venture, some 15 kilometres to the north east of Waitsia. Norwest is confident that the combined recoverable resources of its Lockyer Deep-1 and North Erregulla targets, which sit in the same project area, could have a recoverable resource of almost 1.1 trillion cubic feet of gas.

Norwest Energy has upgraded the prospective gas resources at its Lockyer Deep and North Erregulla Deep prospects to 1,122 billion cubic feet, just 10km north of Strike Energy's exceptional West Erregulla-2 gas discovery in the Perth Basin. The company holds a 20% stake in the associated gas permit with operator Energy Resources and the JV partners will shortly decide on the location of a well at the project.

The recent success of Strike Energy's West Erregulla-2 well has buoyed Norwest Energy's hopes that its upcoming drill program, just north of Strike's spectacular gas discovery will be able to make waves in its own right. The company is also awaiting 3D seismic data over its Xanadu oil discovery, which will form the basis for contingent resource estimation and set the stage for the Xanadu joint venture to consider an appraisal well.