Norwest boosts Lockyer Deep-1 well

Norwest Energy has announced an increase in potential resource area for the Lockyer Deep-1 well, Western Australia.

The oil and gas exploration company has recently revised its interpretation of the available seismic data, incorporating several new datasets from the seismic reprocessing program that was completed in August of this year.

Well data from the Lockyer Deep-1 well was also incorporated, and the resulting structural mapping indicates that the potential resource area has increased by 40 per cent from 66 km2 to 92 km2.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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