Norwest sells Xanadu stake

摘要

Norwest Energy has offloaded more of its equity in the Xanadu prospect in the offshore northern Perth Basin, Western Australia. Following a farm-out deal signed in September 2016 with Transerv and Triangle Energy, Norwest has now sealed a binding term-sheet with 3C Group IC, which will contribute 40 of the well costs to earn a 30 stake in the TP/15 permit that holds Xanadu.