From the Resourcestocks (March/April 2010) article:
- Norwest is well advanced with negotiations and aims to finalise the farm-out of half the permit, while retaining operatorship, in March this year
- "We are structuring the farm-in to be a multiple-well commitment. We don't want to drill just one well and we want a partner that will share the vision with us"
- "The well planning people need to identify a rig capable of directionally drilling from onshore towards offshore targets"
NWE Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held