JV plans Jingemia drilling

JV participants RCMA Australia and Norwest Energy had commissioned an independent technical review of the L14 Permit area located in Western Australia’s Perth Basin. Carried out by LEAP Energy, the operation included a review of all existing seismic and well data, resulting in full remapping of the Jingemia Field and neighbouring regions, as well as preliminary subsurface re-interpretation over the southern portion of L14. Norwest Managing Director and CEO Shelley Robertson said the JV was optimistic about the project. “This is the first time the L14 production licence has undergone remodelling since prior to 2012, when the field was shut in,” she said. “LEAP Energy’s new analysis has enabled the JV to take a fresh look at the L14 prospectivity, and so far we like what we see.” Already having four producing oil wells in Jingemia, project operator RCMA will now seek third party investment in L14 and plans to finalise drilling plans to commence a two to six well drilling program in the third quarter of 2019. The oil field is estimated to contain approximately 12 MMbbls, with 4.6 MMbbls produced to date. RCMA has an approximately 93.7 per cent interest in the development, while Norwest holds about 6.3 per cent. For more information visit the Norwest Energy website. If you have company news you would like featured in PPO contact Assistant Editor David Convery at dconvery@gs-press.com.au

JV plans Jingemia drilling

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