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	<title>egolinews.com &#187; Energy</title>
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	<link>http://egolinews.com</link>
	<description>ASX News</description>
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		<item>
		<title>AOE: Federal Court Approval</title>
		<link>http://egolinews.com/news-and-views/aoe-federal-court-approval/</link>
		<comments>http://egolinews.com/news-and-views/aoe-federal-court-approval/#comments</comments>
		<pubDate>Fri, 30 Jul 2010 03:16:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=ee9b23ed-374c-4568-a424-0dfb14f20748</guid>
		<description><![CDATA[<p>
Acquisition Scheme Approved by Federal Court The Directors of Arrow Energy Limited (Arrow, AOE) are pleased to advise that the Federal Court of Australia today approved the Acquisition Scheme of Arrangement that was approved by Arrow Shareholders at the Acquisition Scheme Meeting held on 14 July 2010. 
</p>
<p>
Arrow proposes to lodge the orders of the Federal Court of Australia with the Australian Securities and Investments Commission on Friday, 30 July 2010 whereupon the Acquisition Scheme of Arrangement will become effective. 
</p>
<p>
The following details the next steps in the Acquisition Scheme Process: 
</p>
<p>
TIME AND DATE EVENT 30 July 2010 
</p>
<p>
EFFECTIVE DATE &#8211; this is the date on which the Acquisition Scheme comes into effect. Arrow will be suspended from trading on ASX at the close of trading on the Effective Date. 6 August 2010 
</p>
<p>
ACQUISITION SCHEME RECORD DATE &#8211; all Arrow Shareholders who hold Arrow Shares on the Record Date for the Acquisition Scheme will be entitled to receive the Scheme Consideration of $4.70 per Arrow share. 23 August 2010 
</p>
<p>
ACQUISITION SCHEME IMPLEMENTATION DATE &#8211; Scheme Shareholders will be sent the Scheme Consideration to which they are entitled on this date. 
</p>
<p>
For further information contact: Mr Graham Yerbury CFO Tel: +61 7 3012 4000 Mr Andrew Barber General Manager Investor Relations Tel: +61 7 3012 4538 www.arrowenergy.com.au. 
</p>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AWE: MD Retires</title>
		<link>http://egolinews.com/news-and-views/awe-md-retires/</link>
		<comments>http://egolinews.com/news-and-views/awe-md-retires/#comments</comments>
		<pubDate>Fri, 30 Jul 2010 03:04:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

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		<description><![CDATA[<p>
AWE Managing Director retires AWE Limited announces that its Managing Director, Bruce Wood, has advised he has decided to retire on or about his 60th birthday and consequently has given twelve months notice under his employment contract. 
</p>
<p>
The Board has launched a global executive search for his replacement. The board and Bruce have decided that he will continue in his current role for as long as is appropriate for a smooth and effective transition to the new Managing Director. AWE further advises that the Board is continuing a process of planned succession and renewal and expects to announce details within the next month. Mr Wood said: &#34;After more than 35 years in the industry, I have now come to the end of my working life. It is with mixed feelings that I have taken this decision.<br />
<br />
I&#39;ll miss working with a great team at AWE but it is now time to hand over. I wish the company the very best for the future.&#8221; AWE Chairman, Bruce McKay said: &#8220;The Board thanks Bruce Wood for his significant contribution in his three years as Managing Director during which time the company has matured its producing operations and expanded its geographic focus. We wish him well in his retirement.<br />
<br />
We look forward to a smooth transition to a new leader.&#8221; For information please see our website; www.awexplore.com or contact: Bruce McKay Garry Marsden Chairman Corporate Development Manager AWE Limited Mobile: 0400 040 106 Phone: +61 2 8912 8000 garry.marsden@awexplore.com. 
</p>
]]></description>
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		<item>
		<title>RAW: NZ Update Tuatara-1</title>
		<link>http://egolinews.com/news-and-views/raw-nz-update-tuatara-1/</link>
		<comments>http://egolinews.com/news-and-views/raw-nz-update-tuatara-1/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 05:58:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=ed0fece6-d741-4cb6-b117-6178f1abba1f</guid>
		<description><![CDATA[<p>
New Zealand Update - Tuatara 1 spuds Rawson Resources Limited ( &#8216;RAW&#8217;) is pleased to advise that Kea Petroleum Plc. (&#8216;Kea&#8217;) has released the attached announcement to the London Stock Exchange concerning the drilling of the Tuatara 1 exploration well.
</p>
<p>
Rawson Taranaki Limited holds 27,307,692 shares in Kea Petroleum Ltd giving Rawson a 5.4% holding. These shares are currently held in escrow as part of a vendor consideration. Further information is available from the Kea website. Rawson will issue further announcements of significance as they occur. 
</p>
<p>
For further information: John Conolly John Doughty Executive Chairman General Manager Rawson Resources Limited Rawson Resources Limited 0418 486 239 02 9255 7428 
</p>
<p>
Background: Rawson Resources Ltd is primarily an oil and gas exploration company in Australia with permits in the Otway, Surat, Cooper and Pedirka Basins and also interests in the Taranaki and Northland Basins in New Zealand. Kea Petroleum plc (&#8220;Kea&#8221; or the &#8220;Group&#8221;) Commencement of Drilling at Kea&#8217;s First Offshore Well &#8211;Tuatara-1 Kea Petroleum plc (AIM :KEA) is pleased to announce that the Kan Tan IV drilling rig has now been anchored out on the Tuatara-1 drill site in the southern area of the offshore Taranaki Basin of New Zealand; and the rig commenced drilling operations on Tuesday 27 July. The Tuatara-1 well will be drilled in 50 m water depth to a 2000 m target depth, which is expected to be reached by mid August.<br />
<br />
The well will target the oil bearing potential of Miocene aged sandstones, which are expected to be encountered below 850 metres depth. The Tuatara prospect is mapped, on modern 2D seismic, as a dip closed structural trap covering an area of approximately 10 sq km. The permit operator AWE New Zealand Limited, a subsidiary of the Australian Stock Exchange listed company AWE Limited (&#8220;AWE&#8221;), has calculated a median recoverable resource in the event of discovery of 80 million barrels of oil. The Tuatara trap bears a marked geological resemblance to that of the Maari oil field, situated some 80km to the northwest, and displays similar Direct Hydrocarbon Indicators to those observed on seismic over Maari, which has produced at rates up to 40,000 barrels per day since commencing field production in late 2008. Fair to good oil shows at the equivalent sandstone level were observed in the only other well drilled in the permit area. The NZ Minister of Energy has given his formal approval, under the Crown Minerals Act, to the acquisition by the Group&#39;s wholly owned subsidiary, Kea Petroleum Oil and Gas Limited, of the 10% share in PEP38524, which contains the Tuatara Prospect.<br />
<br />
This completes the previously announced deal whereby Kea acquired this interest from AWE. Chairman Ian Gowrie Smith said: &#8220;We are delighted that operations have commenced at Tuatara-1, and are pleased to be a member of this exploration group in the company of three such successful Australian explorers.The PEP permit is a lightly explored area, and Tuatara-1 will be only the second well on a block which covers an area of 2,187 sq. km. In the event of success, several follow-up prospects have been defined from the existing 2D seismic. In the event of an oil discovery at Tuatara, we are confident of the ability of operator AWE to progress the rapid development of the resource, bearing in mind its demonstrated prowess in doing so on the very successful offshore Tui oil field, further north in this basin.<br />
<br />
Kea&#39;s involvement in Tuatara-1 is a clear demonstration of its strategy to get involved in exploration projects which can be expeditiously brought into profitable production in the event of success, and to ally itself with like-minded and capable partners. We anticipate announcing other new ventures in the near future.&#34; Partners to the PEP 38524 joint venture, via their wholly owned subsidiaries are: Kea Petroleum plc 10% Carnarvon Petroleum Limited 10% Roc Oil Company Limited 20% AWE Limited (permit operator) 60% This release has been approved by non-executive director Peter Mikkelsen FGS, AAPG, who has consented to the inclusion of the technical information in this release in the form and context in which it appears. For further information please contact: Kea Petroleum plc Tel: +44 (0)20 7340 9970 David Lees, Executive Director RBC Capital Markets Tel: +44 (0)20 7653 4000 Matthew Coakes / Brett Jacobs / Daniel Conti Martin Eales (NOMAD) Buchanan Communications Tel: +44 (0)20 7466 5000 Tim Anderson / James Strong Notes to Editors: Kea Petroleum is an AIM listed oil and gas exploration company with three petroleum exploration permits in Taranaki and Northland Basins of New Zealand. Kea listed on the London market in February 2010.
</p>
]]></description>
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		</item>
		<item>
		<title>GOT: Trading Halt</title>
		<link>http://egolinews.com/news-and-views/got-trading-halt/</link>
		<comments>http://egolinews.com/news-and-views/got-trading-halt/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 05:57:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=b6b04221-d8fc-49b7-b957-a01168dd40f3</guid>
		<description><![CDATA[<p>
REQUEST FOR TRADING HALT 
</p>
<p>
In accordance with ASX Listing Rule 17.1, Groote Resources Ltd (GOT) (&#8220;Company&#8221;) requests a trading halt on the trading of the Company&#8217;s securities, to take effect prior to the commencement of trading Thursday 29 July 2010, pending the release of an announcement in relation to the Groote Eylandt exploration licenses. 
</p>
<p>
All queries, please contact myself at the office of Groote Resources Ltd. Yours faithfully Maurice Catina Company Secretary. 
</p>
]]></description>
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		</item>
		<item>
		<title>EXG: Uranium Targets in Northern Territory</title>
		<link>http://egolinews.com/news-and-views/exg-uranium-targets-in-northern-territory/</link>
		<comments>http://egolinews.com/news-and-views/exg-uranium-targets-in-northern-territory/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 05:48:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=b4afecf3-3daa-4a86-8dec-ad382936c1d1</guid>
		<description><![CDATA[<p>
The Directors of gold and uranium explorer Excelsior Gold Limited (Excelsior or the Company) wish to advise that NuPower Resources Limited (NuPower) has withdrawn from the Native Gap Farm‐In and Joint Venture Agreement which covers potential palaeochannel uranium targets in the Northern Territory. 
</p>
<p>
Excelsior retains 100% ownership of the Project and the Company believes that the withdrawal by NuPower provides Excelsior with a good opportunity to advance exploration on the defined palaeochannel targets in a potentially emerging new uranium environment. The Native Gap Project (EL24287) is located approximately 120 kilometres north of Alice Springs and covers 794 square kilometres over the eastern end of the Ngalia Basin. 
</p>
<p>
The tenement was explored by NuPower as part of their large Aileron Project targeting palaeochannels with potential for sandstone hosted uranium mineralisation in Cainozoic sediments. Under the terms of the Agreement executed on 8 July 2008, NuPower was required to spend a minimum of $150,000 on an airborne electromagnetic (AEM) survey, water sampling and geological mapping and had the right to earn 70% equity in the Native Gap Project by sole funding expenditure of $2 million within five years after commencement. 
</p>
<p>
NuPower&#8217;s extensive regional AEM flown in 2008 located a shallow trough with palaeochannel outflows to the east and west and a thickening sequence of Cainozoic sediments in the west of the Native Gap licence and two south flowing palaeochannels in the eastern part of EL24287. Radiometrically anomalous granites in the west and water bore sampling in the northern and central tenement areas returned high levels of uranium and fluorine indicating good source waters for the formation of secondary uranium in deeper parts of the Cainozoic sediments. NuPower has spent in excess of $288,000 on exploration on the Native Gap tenement but has elected to concentrate activities on its wholly‐owned Aileron Project tenements and more advanced projects in the Northern Territory such as high grade uranium and gold at the Eva Project and phosphate at the Lucy Creek Project. 
</p>
<p>
For further information visit www.excelsiorgold.com.au or contact Excelsior Gold Limited Media David Hamlyn Felicity Nuttall Chief Operating Officer/Executive Director Professional Public Relations T: + 61 8 9481 2276 T: + 61 8 9388 0944/ 0430 184 599 E: info@excelsiorgold.com.au E: felicity.nuttall@ppr.com.au. 
</p>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>EXG: Uranium Targets in Northern Territory</title>
		<link>http://egolinews.com/news-and-views/exg-uranium-targets-in-northern-territory-2/</link>
		<comments>http://egolinews.com/news-and-views/exg-uranium-targets-in-northern-territory-2/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 05:48:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=b4afecf3-3daa-4a86-8dec-ad382936c1d1</guid>
		<description><![CDATA[<p>
The Directors of gold and uranium explorer Excelsior Gold Limited (Excelsior or the Company) wish to advise that NuPower Resources Limited (NuPower) has withdrawn from the Native Gap Farm‐In and Joint Venture Agreement which covers potential palaeochannel uranium targets in the Northern Territory. 
</p>
<p>
Excelsior retains 100% ownership of the Project and the Company believes that the withdrawal by NuPower provides Excelsior with a good opportunity to advance exploration on the defined palaeochannel targets in a potentially emerging new uranium environment. The Native Gap Project (EL24287) is located approximately 120 kilometres north of Alice Springs and covers 794 square kilometres over the eastern end of the Ngalia Basin. 
</p>
<p>
The tenement was explored by NuPower as part of their large Aileron Project targeting palaeochannels with potential for sandstone hosted uranium mineralisation in Cainozoic sediments. Under the terms of the Agreement executed on 8 July 2008, NuPower was required to spend a minimum of $150,000 on an airborne electromagnetic (AEM) survey, water sampling and geological mapping and had the right to earn 70% equity in the Native Gap Project by sole funding expenditure of $2 million within five years after commencement. 
</p>
<p>
NuPower&#8217;s extensive regional AEM flown in 2008 located a shallow trough with palaeochannel outflows to the east and west and a thickening sequence of Cainozoic sediments in the west of the Native Gap licence and two south flowing palaeochannels in the eastern part of EL24287. Radiometrically anomalous granites in the west and water bore sampling in the northern and central tenement areas returned high levels of uranium and fluorine indicating good source waters for the formation of secondary uranium in deeper parts of the Cainozoic sediments. NuPower has spent in excess of $288,000 on exploration on the Native Gap tenement but has elected to concentrate activities on its wholly‐owned Aileron Project tenements and more advanced projects in the Northern Territory such as high grade uranium and gold at the Eva Project and phosphate at the Lucy Creek Project. 
</p>
<p>
For further information visit www.excelsiorgold.com.au or contact Excelsior Gold Limited Media David Hamlyn Felicity Nuttall Chief Operating Officer/Executive Director Professional Public Relations T: + 61 8 9481 2276 T: + 61 8 9388 0944/ 0430 184 599 E: info@excelsiorgold.com.au E: felicity.nuttall@ppr.com.au. 
</p>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>WAS: Update</title>
		<link>http://egolinews.com/news-and-views/was-update/</link>
		<comments>http://egolinews.com/news-and-views/was-update/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 05:46:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=6c26ecff-c2da-4237-89a7-9095c816bcbe</guid>
		<description><![CDATA[<div class="__feedview__feedItemBody">
Wasabi is pleased to announce it has exercised 18,945,702 options in Australian Renewable Fuels Limited (ARF) at 1c per new share. 
</div>
<div class="__feedview__feedItemBody">
Wasabi now holds 27.6% of the issued capital of ARF. Wasabi remains committed to supporting ARF through to profitability and looks forward to the future success of ARF. Further to Wasabi&#8217;s stated plan to concentrate on 3 core projects, its subsidiary Global Geothermal Limited, Aqua Guardian Group and ARF, Wasabi has recently sold 40,000,000 shares in Rum Jungle Uranium Limited.<br />
<br />
While Rum Jungle has a number of interesting prospects, it no longer fits with the core cleantech and renewable energy interests of the Group. John Byrne Executive Chairman Tel: (03) 9663 7132. 
</div>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>WAS: Update</title>
		<link>http://egolinews.com/news-and-views/was-update-2/</link>
		<comments>http://egolinews.com/news-and-views/was-update-2/#comments</comments>
		<pubDate>Thu, 29 Jul 2010 05:46:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=6c26ecff-c2da-4237-89a7-9095c816bcbe</guid>
		<description><![CDATA[<div class="__feedview__feedItemBody">
Wasabi is pleased to announce it has exercised 18,945,702 options in Australian Renewable Fuels Limited (ARF) at 1c per new share. 
</div>
<div class="__feedview__feedItemBody">
Wasabi now holds 27.6% of the issued capital of ARF. Wasabi remains committed to supporting ARF through to profitability and looks forward to the future success of ARF. Further to Wasabi&#8217;s stated plan to concentrate on 3 core projects, its subsidiary Global Geothermal Limited, Aqua Guardian Group and ARF, Wasabi has recently sold 40,000,000 shares in Rum Jungle Uranium Limited.<br />
<br />
While Rum Jungle has a number of interesting prospects, it no longer fits with the core cleantech and renewable energy interests of the Group. John Byrne Executive Chairman Tel: (03) 9663 7132. 
</div>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NWE: TP 15 Farmout and Share Purchase Plan</title>
		<link>http://egolinews.com/news-and-views/nwe-tp-15-farmout-and-share-purchase-plan/</link>
		<comments>http://egolinews.com/news-and-views/nwe-tp-15-farmout-and-share-purchase-plan/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 02:29:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=e9390814-c51b-4f43-a799-5d71c51eb794</guid>
		<description><![CDATA[<p>
ASX Announcement <br />
<br />
Farmout negotiations for TP15 and EP413 at an advanced stage. <br />
<br />
Share Purchase Plan to raise up to $4,580,773 by issue of up to 176,183,575 shares at an issue price of $0.026 per share, representing a discount of 9.1% to the average market price of Norwest&#8217;s share price over the last 5 days, to fund UK and Australian exploration activities including interim bridging funding of TP15 and EP 413 pending completion of farmout Farmout Norwest Energy NL (&#8220;Norwest&#8221; or the &#34;Company&#34;) advises that negotiations are at an advanced stage with a large offshore corporation with refinery and distribution operations and international exploration activities, for that entity to farm in to TP15 and EP413. 
</p>
<p>
Norwest has been advised that the proposed farminee is finalizing its internal approval processes and it is expected that the transaction will be formalised in coming weeks, should those processes approve the transaction. If the transaction proceeds the proposed farminee will be providing funding towards the drilling of the proposed TP15 well, known as Red Hill South and the EP413 shale gas project to earn equity in each of those permits.<br />
<br />
Full details of the party and the terms of the transaction will be provided once the transaction has been concluded. Share Purchase Plan ( SPP ) Norwest is also pleased to announce that it is proposes to raise up to $4.5m from the issue of up to 176m shares at the issue price of $0.026 per share pursuant to Norwest&#8217;s Share Purchase Plan detailed below. 
</p>
<p>
These funds will be applied to UK and other Australian exploration activities, operating overheads and to provide interim bridging funding of TP15 and EP413 activities whilst the farmout of those projects is formalized. Any funds outlaid by Norwest during this bridging period will be recovered from the prospective farminee assuming the transaction proceeds. Norwest directors will subscribe for their entitlements to the issue and they encourage shareholders to also subscribe. 
</p>
<p>
The SPP will enable all shareholders, irrespective of the number of shares held in the Company, the opportunity to purchase shares. The Offer is an invitation to offer to subscribe for fully paid ordinary Shares in the Company (Shares) at 2.6 cents per Share for either of the following: 192,308 shares at 2.6 cents costing $5,000.00 384,615 shares at 2.6 cents costing $10,000.00 576,923 shares at 2.6 cents costing $15,000.00 You may refuse the Offer.<br />
<br />
The Offer is not renounceable, so there are no tradeable rights (i.e. you may not transfer your right to acquire a Share to anyone else). The Offer to each eligible Shareholder is made on the same terms and conditions. <br />
<br />
at an issue price of 2.6 cents per share (subject to rounding) representing a discount of approximately 9.1% to the current market price; and <br />
<br />
free from brokerage, commission and stamp duty. 
</p>
<p>
It will also provide an opportunity for shareholders with small shareholdings to increase those holdings into more meaningful and financially viable parcels. 
</p>
<p>
The right to participate in the offer of Norwest shares under the SPP is available exclusively to persons who were registered as holders of fully paid ordinary shares in the Company at 5.00pm (Western Standard Time &#8220;WST &#8220;) on 27 July 2010 and whose registered address is in Australia or in any other jurisdiction in which it is lawful for the Company to offer shares under the SPP. The offer is nonrenounceable. The price for each share issued under the SPP will be 2.6 cents per share (subject to rounding as set out in the terms and conditions) which represents a discount of 9.1%of the average market price for those securities calculated over the last 5 days on which sales in those securities were recorded.<br />
<br />
The last closing sale price of Norwest shares on the trading immediately prior to the date of this announcement was 2.9 cents per share. Key dates and further information The timetable for the issue of shares pursuant to the SPP is: Record date to determine entitlements 5.00pm WST 27 July 2010 Closing date for applications from Shareholders 5.00pm WST 20 August 2010 This offer will raise a maximum of $4,580,773. In the event that the value of applications at closing exceed $4,580,773 then each application will be reduced proportionately and the resultant refund will be sent to the shareholder within 5 business days of closing. 
</p>
<p>
Shares to be issued under the SPP will be allotted within 3 business days of the offer closing. The Company will apply to the ASX for the shares issued pursuant to the SPP to be admitted to quotation. The offer document, application form and Terms and Conditions will be forwarded to Shareholders within the next five business days. The shares issued under the SPP may be subject to a subsequent offer for sale. The Company relies on Section 708A of the Corporations Act 2001 in relation to the initial sale.<br />
<br />
In accordance with Section 708A (6), the Company notifies the ASX that: (a) the securities will be issued without disclosure to investors under Part 6D.2; (b) this notice is given under paragraph 708A (5)(e); and (c) the Company has complied with Chapter 2M and section 674, of the Corporations Act 2001. There is no excluded information available for the purposes of Sections 708A (7) and (8) of the Corporations Act 2001. For and on behalf of Norwest Energy NL E A Myers Company Secretary For further information: please contact Peter Munachen or Ernie Myers on 08-9227 3240, or email info@norwestenergy.com.au. Media and Investor Enquiries: please contact Fortbridge on +612 9331 0655 or Steve Rotherham on o421 488 320. 
</p>
]]></description>
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		<title>ICN: Receives Geothermal Permits</title>
		<link>http://egolinews.com/news-and-views/icn-receives-geothermal-permits/</link>
		<comments>http://egolinews.com/news-and-views/icn-receives-geothermal-permits/#comments</comments>
		<pubDate>Wed, 28 Jul 2010 02:14:00 +0000</pubDate>
		<dc:creator>egoli</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[News and Views]]></category>

		<guid isPermaLink="false">http://egoli.com.au/news/post.aspx?id=9433092d-5cf5-4e1e-ad8f-3fa2fc18af3a</guid>
		<description><![CDATA[<p>
Ministerial approval for Icon Energy Limited&#8217;s new geothermal permits: EPG 49 &#38; EPG 51 
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<p>
The Queensland Minister for Mines and Energy, the Hon. Stephen Robertson MP has granted geothermal exploration permits EPG 49 &#38; EPG 51 to Icon Energy Limited, effective from 1 August 2010.
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<p>
The area consists of NappaMerri 1 and NappaMerri 2 and the tenements are located beneath ATP 855P which is located on the eastern side of the Queensland and South Australian border. The drilling program for NappaMerri 1 and NappaMerri 2 will be strategically aligned with the drilling program in ATP 855P to allow for cost savings and efficiencies. 
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<p>
Icon Energy is the operator for the new geothermal exploration permits and has 100% working interests in both permits. The Minister has approved initial work programs for EPG 49 and EPG 51 including geological and geophysical studies, gravity surveys, seismic acquisition and the drilling of wells during the first five year periods of the permits. The term of the exploration geothermal permits is 5 years until 31 July 2015. Ray James Managing Director Icon Energy Limited 
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<p>
For further information please contact: Ray McNamara Telephone: (+617) 5554 7111 Facsimile: (+617) 5554 7000 Email: info@iconenergy.com Or visit www.iconenergy.com.
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