Norwest is an interesting little story but I would have a closer...

Norwest is an interesting little story but I would have a closer look at its cash reserves before making any decisions. "HDR entered into a farmin agreement with Norwest. The agreement requires Norwest to fund 20% of the cost of drilling the first two wells (to a limit of $A2-million / well) and the cost of a cased hole testing of one well to earn a 10% interest in TP15. Upon completion of Norwest's farmin obligations, HDR will hold a 30% interest in the permit." I.E HDR pay 10% of the cost of Twin-Lions + one other exploration well in TP-15 while having a 30% stakehold.

Regards
Hold HDR