Current Activities Details of the Company’s current activities are set out in the announcements made by the Company to the ASX and are available from the ASX, or the Company’s website at www.norwestenergy.com.au.
As announced on 11 November 2019, the funds raised under the Plan and the Placement will be used for: drilling costs associated with the Company’s 20% interest of exploration drilling in Permit EP 368 in the Perth Basin (expected to spud 1H 2020); planning and preparation for operations to meet future work commitments within EP 368 and EP 426; desktop studies on the Company’s other Perth Basin interests including Xanadu oil discovery; partial repayment of the Sundowner International Convertible Loan Facility; and general working capital.
NWE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
