NWE 0.00% 5.6¢ norwest energy nl

Thank you for your inquiry and your interest in Norwest...

  1. 248 Posts.
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    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.
 
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