Norwest Energy (ASX:NWE) has announced its spudded the Lockyer-2 gas appraisal well in the Perth Basin.
The Lockyer-2 well is a downdip step-out appraisal well of the Lockyer Deep-1 discovery, aiming to confirm the extension of the discovery to the northeast within the northern segment of the greater Lockyer structure.
The total depth (TD) planned for the well is 4,451m TVDSS, and it is estimated to reach TD in 35 days from spud.
Shares of Norwest Energy are up 18% the past six months.