Norwest Energy (ASX:NWE) has completed a 385 km2 Rococo 3D seismic acquisition program in the Perth Basin, and is currently demobilising crew and equipment.
The joint venture operator, Energy Resources (a subsidiary of Mineral Resources (ASX:MIN) is planning to spud the Lockyer-2 well, with a total depth of 4,451m TVDSS, in the next week.
Norwest Energy says the time required to reach total depth is estimated at 35 days from spud.
Following the announcement, shares of Norwest Energy were unchanged at $0.066.