AWE secures Norwest’s share in WA permit

Norwest Energy has executed an agreement with AWE Perth, part of Mitsui E&P Australia, to assign Norwest’s 27.945 per cent interest in EP413, onshore Western Australia.

AWE will pay Norwest $100,000 cognitional upon completion, which is subject to approval.

The company states that the transaction with AWE strengthens Norwest’s balance sheet and enables it to focus on its finical resources on its three high-impact Perth Basin exploration permits: EP368, EP426 and TP/15.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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