Thank you for your inquiry and your interest in Norwest Energy.
Regarding our current position, we are in the final stages of evaluating the results on Arrowsmith 2 and will soon be in a position to provide an update to the market.
As stated at the AGM presentation, our priority is to deliver on our stated strategy:
• Maintain focus on Arrowsmith Field Development • Progress other early stage exploration projects along value creation pathway • Assess further opportunities to add value to project portfolio • Continue evaluation of Arrowsmith to consolidate dataset and build Perth Basin knowledge to establish commerciality
We are also actively seeking partners for funding of key projects.
Separately, if a takeover proposal were put to Norwest, the company’s Board would act in accordance with the regulatory requirements and consider whether it is in the best interests for shareholders. I do not want to be drawn on whether Norwest may or may not be a takeover or merger target, other than to say that, as with any company, there is always potential for a proposal to be received.
Kind regards
Peter Got to love him, shld be a politician. But it opens a new wave of conspiracy theories.
NWE Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
