Norwood Resources Ltd. is an oil and gas exploration company engaged in the business of acquiring and exploring oil and gas projects, and has interests in properties in Nicaragua and Texas. As of December 31, 2009, the Company had not earned revenues from its oil and gas properties and is considered to be in the exploration stage. The Company operates in one business segment, the oil and gas exploration and development industry. Its projects include Nicaragua Project and Bigfoot Prospect. The Oklanicsa Concession consists of 3260 square kilometres (805,268 acres), onshore on the Pacific coast of Nicaragua in Central America. The block extends southwest of Managua from the Pacific shoreline to the Costa Rican border. The block lies on the eastern flank of the Sandino Basin. On February 15, 2010, the Company completed testing on the San Bartolo-1X2 sidetrack well. The well reached total depth of 6428 feet on January 31, 2010. In January 2011, the Company is insolvent.