AWE is an Australian oil and gas exploration and production company listed on the Australian Stock Exchange (ASX).
The company was formed to appraise oil and gas discoveries in its initial asset portfolio and to build a significant international petroleum exploration and development entity through further international asset acquisitions.
AWE's focus is on exploration and appraisal-type assets, in regions of proven prospectivity and where there is a high chance of commercial success. This focus includes currently marginal fields, whose worth may be improved by innovative appraisal and development approaches.
Following the merger with ARC Energy in August 2008, AWE gained additional equity in the BassGas and Cliff Head projects and further production interests in the onshore Perth Basin. AWE also added equity interests in some prospective exploration permits and shareholdings in the listed oil and gas explorers, Buru Energy Limited (AWE 13%) and Adelphi Energy Limited (AWE 34%).
AWE currently has five main producing assets:
Tui oil fields - offshore Taranaki basin, New Zealand (AWE 42.5% operator)
BassGas project - offshore Bass Strait, Tasmania (AWE 57.5%)
Cliff Head oil field - offshore Perth basin, Western Australia (AWE 57.5%)
Casino gas field - offshore Otway basin, Victoria (AWE 25%)
Onshore Perth Basin interests, Western Australia (AWE 33-100%)
Onshore US shale gas, Texas (AWE10%)
In addition to its oil and gas producing assets AWE has a number of exploration opportunities both in Australia and overseas.
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10 years ago
16 Dec 2013 - ASX mulls US stimulus cut threat. Insurance Australia Group Limited (ASX:IAG) makes a $1.8 billion move to buy the insurance underwriting business of Wesfarmers Limit…
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10 years ago
16 Dec 2013 - Aus shares mute at midday. Challenger Limited (ASX:CGF) will buy a provider of self-managed superannuation fund actuarial certificates for $25 million.
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10 years ago
16 Dec 2013 - AWE Limited (ASX:AWE) rejects a non-binding and conditional scrip based takeover proposal from Senex Energy Limited (ASX:SXY).
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10 years ago
12 Dec 2013 - Aus shares down for 6th straight day. Linc Energy Limited (ASX:LNC) secures Malaysian hotel and gaming giant Genting as a major investor, set to take a 10 per cent st…
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10 years ago
12 Dec 2013 - Aus shares plunge early. Natural gas company Envestra Limited (ASX:ENV) forecast's a small full year earnings upgrade on the back of higher than anticipated gas volum…
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10 years ago
12 Nov 2013 - ASX 0.3% up at noon. Intrepid Mines Limited (Australia) (ASX:IAU) says it plans to immediately appeal a South Jakarta District court decision relating to proceedings …
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10 years ago
03 Oct 2013 - Aus shares shrug off US fiscal fears. Shares in Iluka Resources Limited (ASX:ILU) lift after acquiring a tenement in Sri Lanka understood to contain a large mineral s…
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10 years ago
27 Aug 2013 - ASX slips on Syria concerns. AWE Limited (ASX:AWE) swings to a full year net profit of $20 million, bouncing back from a net loss of $66.5 million in fiscal 2012.
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10 years ago
23 Aug 2013 - Santos Limited (ASX:STO) scores a 50 per cent stake in an undeveloped, offshore Indonesian oil field from AWE Limited (ASX:AWE).
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10 years ago
17 Jul 2013 - Investment advisor Gary Glover takes a technical look at S&P/ASX200, Dow Jones, CRB Index, Shanghai Composite Index, AWC, AWE, NCM, BHP, CBA, BKL, SVW, CSL.
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10 years ago
10 Jul 2013 - Investment adviser Michael Gable takes a technical look at STO, DLS, AWE, MSB, ORG.
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10 years ago
05 Jun 2013 - Investment advisor Gary Glover takes a technical look at S&P/ASX 200, Dow Jones, CRB Index, Nikkei, Shanghai Composite, CBA, WBC, TOL, QBE, SLR, AWE, MSB, ELM & AZH.
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11 years ago
30 Apr 2013 - ASX closes 1.3% higher. Watpac Limited (ASX:WTP) finalises a $42 million design and construct contract to undertake a major expansion of Darwin International Airport.
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11 years ago
22 Apr 2013 - ASX healthy at noon. Insurance Australia Group Limited (ASX:IAG) completes the sale of its major UK asset.
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11 years ago
03 Apr 2013 - Aus shares pare early gains. Origin Energy Limited (ASX:ORG) says it will mull its options following a move by Standard & Poor’s.
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11 years ago
03 Apr 2013 - Investment advisor Gary Glover takes a technical look at S&P/ASX200, BHP, NCM, ORI, SAI, SLX, AWE, CSV.
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11 years ago
06 Mar 2013 - IAG slams consumer protection changes. Insurance Australia Group (ASX:IAG) gives thumbs down to consumer law changes.
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11 years ago
05 Mar 2013 - ASX unmoved by RBA call. WestSide Corporation Limited (ASX:WCL) is in talks with potential parties who have expressed interest in acquiring the coal-seam-gas explorer…
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11 years ago
05 Mar 2013 - AWE Limited (ASX:AWE) signs an MOU with Green Rock Energy Limited (ASX:GRK) subsidiary Mid West Geothermal Power to form a potential joint venture.
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11 years ago
06 Feb 2013 - AWE Limited (ASX:AWE) starts a development feasibility study for the commercialisation of the Senecio gas accumulation on the West Australian coast.
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11 years ago
06 Feb 2013 - Investment advisor Gary Glover takes a technical look at S&P/ASX200, Dow Jones, SEK, ANZ, HVN, AWE.
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11 years ago
05 Dec 2012 - Investment advisor Gary Glover takes a technical look at All Ords, Dow Jones, S&P/ASX200, S&P/ASX Materials, RIO, WPL, AWE, CCV, SDM, TSE, CBA, WES.
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11 years ago
22 Nov 2012 - ASX surges 1% to above 4400. Horizon Oil Limited (ASX:HZN) flags potential divestment opportunities for its natural gas assets in Papua New Guinea.
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11 years ago
02 Oct 2012 - ASX eyes gains before RBA call. Fortescue Metals Group Limited’s (ASX:FMG) founder Andrew Forrest will be in the spotlight when the High Court today rules on whether …
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11 years ago
31 Jul 2012 - AWE Limited (ASX:AWE) has posted a 23 per cent decline in its full year production compared to the same time last year.