Norwest said the Ensco 53 is programmed to drill a minimum of three wells, and possibly up to seven wells with the Cliff Head-3 appraisal well the first to be spudded followed by the drilling of the Twin Lions and Moondah structures.
In other company news, Norwest has agreed to place 3,292,500 fully paid ordinary shares at an issue price of 8 cents each with the balance of the placement to be issued on clearance of funds. Norwest also announced that as part of its Share Purchase Plan, it plans to raise $719,750 by allotting 8,996,875 at 8c each.
