Norwest secures drilling partner

NORWEST Energy has been able to convince a group of investors behind a recently-created group in the English Chanel tax haven of Guernsey to stump up 40% of the costs for the planned Xanadu-1 well.

Norwest secures drilling partner Norwest secures drilling partner Norwest secures drilling partner Norwest secures drilling partner Norwest secures drilling partner
Norwest, which had already farmed out 60% of the costs to Transerv Energy (paying 20% for 15%) and Triangle Energy (paying 40% for 30%), needed to organise financing of the well this week, and it