"Subject to completion of Licence documentation, the award will allow Wessex and NWE to explore the Blocks for an initial period of two years, during which existing 3D seismic data will be reprocessed to pre-stack depth migration. At the end of this initial period, the group must either commit to drill a well in the remaining two years of the Licence or relinquish it in full."
This statement worries me - Norwest do Nothing fast in 2 years, imagine they had to commit to drilling a well... Going to take at least 2 years for that kind of decision me thinks