Norwest provides reference to an ASX announcement dated 12th October 2007, released by the Puffin Oilfield operator, AED Oil Limited, as attached. Norwest has a 1.25% over-riding royalty interest in the Puffin Field and the AC/P22 permit. Production from Puffin is a huge achievement for AED, and Norwest congratulates them on their success. The royalty to be received by Norwest from the Puffin field will make a significant impact on the Company’s finances going forward and will allow it to seek out and acquire advanced exploration and/or production opportunities to add to its already sound and diverse exploration portfolio.
NWE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
