Last A$0.01 AUD
Change Today -0.001 / -8.33%
Volume 232.0K
NWE On Other Exchanges
Symbol
Exchange
Frankfurt
As of 7:25 PM 10/19/14 All times are local (Market data is delayed by at least 15 minutes).

norwest energy nl (NWE) Snapshot

Open
A$0.01
Previous Close
A$0.01
Day High
A$0.01
Day Low
A$0.01
52 Week High
02/14/14 - A$0.02
52 Week Low
06/11/14 - A$0.0090
Market Cap
12.1M
Average Volume 10 Days
409.6K
EPS TTM
A$-0.0026
Shares Outstanding
1.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NORWEST ENERGY NL (NWE)

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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 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 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.

Norwest Energy NL Appoints John Annand as Chief Financial Officer and Company Secretary

Norwest Energy NL announced John Annand has been appointed Chief Financial Officer and Company Secretary. Mr. Annand joined Norwest in July 2013 as Commercial Manager, a role that he will retain. During the past year, Mr. Annand has worked closely with the executive management team and Norwest's joint venture partners in developing strategies to unlock the potential of Norwest's permits. Prior to joining Norwest, Mr. Annand worked at Woodside Energy for 16 years, where he held a number of commercial and financial roles, most recently within the North West Shelf Venture.

Norwest Energy NL Presents at The 9th Annual Excellence in oil and gas, Mar-10-2014 through Mar-12-2014

Norwest Energy NL Presents at The 9th Annual Excellence in oil and gas, Mar-10-2014 through Mar-12-2014. Venue: Hilton Hotel, Sydney, New South Wales, Australia. Presentation Date & Speakers: Mar-11-2014, Peter Lawson Munachen, Chief Executive Officer and Executive Director. Mar-12-2014, Peter Lawson Munachen, Chief Executive Officer and Executive Director.

 

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