Norwest Energy NL advised that joint venture operator Energy Resources Limited ("EnRes") has executed a drilling contract with Ensign Australia Pty Ltd. ("Ensign") for Ensign's Rig 970. The first two wells to be drilled with Ensign Rig 970 will be Lockyer-2 and North Erregulla Deep-1, for which the well pads are nearing completion and final regulatory approvals are well advanced. These two wells will be drilled back-to-back with the spudding of Lockyer-2 targeting late March 2023, after mobilisation of rig to the North Perth Basin from the Northern Territory.

Spudding of the North Erregulla Deep-1 well will follow immediately upon completion of drilling operations at Lockyer-2.