EXPLORATION

Norwest finds Xanadu dance partners

IN THE song Xanadu might be described as "a place where nobody dared to go", but that isn't an accurate description of the Xanadu oil prospect in the northern Perth Basin, with Norwest Energy signing term sheets for two potential farminees – and there are still 19 partners in the data room.

Transerv Energy, which earlier agreed to help Norwest farm out the prospect, and Triangle Energy, which now owns half of the Cliff Head oil field to the northwest of Xanadu, are expected to finalise farm-in...

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