Norwest cashed up for Perth Basin exploration

NORWEST Energy is cashed up and ready to go with its upcoming drilling program in the Perth Basin, after it raised A$3.25 million from sophisticated and institutional investors.

Norwest cashed up for Perth Basin exploration Norwest cashed up for Perth Basin exploration Norwest cashed up for Perth Basin exploration Norwest cashed up for Perth Basin exploration Norwest cashed up for Perth Basin exploration

 

Despite recent disappointing seismic results at the Xanadu oil projects it shares with Triangle Energy and Tamarind Resources, shareholders rallied to raise cash for the explorer following

  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.