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.
Latest Media Releases
Latest News
Market Reports /
by Jessica Amir -
7 years ago
11 Dec 2017 - Market Wrap: Australian share market has had a positive start to the trading week after miners rose on the back of the iron ore price lift, while falls in franchise o…
Company News /
by Kathy Skantzos -
7 years ago
11 Dec 2017 - Oil and gas exploration company AWE (ASX:AWE) has received an acquisition proposal from Mineral Resources (ASX:MIN) after the close of trade on Friday, offering $0.80…
Company News /
by Kathy Skantzos -
7 years ago
05 Dec 2017 - Oil and gas company AWE (ASX:AWE) announces it has received notice from China Energy Reserve and Chemical Group Australia that it has formally withdrawn its condition…
Company News /
by Kathy Skantzos -
7 years ago
15 Nov 2017 - Oil and gas exploration company AWE (ASX:AWE) announces a fully underwritten institutional share placement to raise approximately $38 million.
Market Reports /
by Jessica Amir -
7 years ago
10 Nov 2017 - Market Wrap: Sour close for the Australian share market today, but ASX200 higher over the week in record territory. Bega Cheese (ASX:BGA) plans to unconditionally tak…
Market Reports /
by Jessica Amir -
7 years ago
10 Nov 2017 - Market at Midday: In selling territory but still holding at record highs. RBA's statement about mining helped to recover gains. The JV project with Origin Energy (ASX…
Market Reports /
by Carolyn Herbert -
8 years ago
09 Dec 2016 - Banks are back: Aus shares close 0.31% higher. SAI Global Limited (ASX:SAI) says the Federal Court of Australia has made orders approving the scheme of arrangement be…
Company News /
by Jessica Ellerm -
8 years ago
09 Dec 2016 - AWE Limited (ASX:AWE) announces its joint venture with Origin Energy, the Waitsia gas project, is on track to deliver a Final Investment Decision (FID) in late 2017.
Market Reports /
by Carolyn Herbert -
8 years ago
29 Aug 2016 - Sectors slump: Aus shares track 0.8% lower at noon. Wellard Limited (ASX:WLD) has gone into a trading halt pending the release of the company’s 4E preliminary final …
Market Reports /
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9 years ago
11 May 2016 - The Australian share market closed 0.55 per cent higher. Graincorp Limited (ASX:GNC) has recorded a more than 30 percent slide in statutory net profit to $20.4 millio…
Company News /
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9 years ago
11 May 2016 - AWE Limited (ASX: AWE) the Australian energy company focused on upstream oil and gas opportunities has rejected a cash takeover offer of 80c per share from private eq…
Company News /
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9 years ago
05 May 2016 - AWE Limited (ASX:AWE) to sell undeveloped gas asset off the coast of Java Indonesia for $27.5 million cash.
Company News /
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9 years ago
18 Mar 2016 - AWE Limited (ASX:AWE) has announced the appointment of Mr David Biggs as its new CEO and Managing Director, commencing at the start of May.
Market Reports /
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9 years ago
17 Mar 2016 - Aus shares close 0.96% higher. AWE Limited (ASX:AWE) has completed the sale of its 10 per cent working interest in the Sugarloaf AMI to US-based Carrier Energy Partne…
Market Reports /
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9 years ago
24 Feb 2016 - Aus shares track 1.8% lower at noon. AWE Limited (ASX:AWE) has reported a statutory net loss of $274 million in its half year results.
Market Reports /
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9 years ago
27 Jan 2016 - Aus shares track 0.35% lower at noon. Greencross Limited (ASX:GXL)says a non-binding indicative proposal by TPG to acquire all of the remaining shares in Greencross a…
Market Reports /
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9 years ago
05 Jan 2016 - Aus shares 1.11% lower at noon. Bradken Limited (ASX:BKN) appoints Mr Phil Arnall to the role of Acting CEO and Managing Director.
Company News /
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9 years ago
05 Jan 2016 - AWE Limited (ASX:AWE) and Origin Energy achieve the final investment decision for stage 1a at the Waitsia gas field development project.
Market Reports /
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9 years ago
29 Oct 2015 - Aus shares close 1.28% lower. AWE Limited (ASX:AWE) records a 27 percent decline in quarterly revenue.
Market Reports /
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9 years ago
08 Oct 2015 - Aus shares close 0.24% higher. AWE Limited (ASX:AWE) has announced that its CEO and Managing Director Bruce Clement will step down during 2016.
Market Reports /
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9 years ago
24 Sep 2015 - Aus shares look for direction. AWE Limited (ASX:AWE) has spudded a second of two exploration wells in China.
Resources Corner /
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9 years ago
04 Aug 2015 - The energy sector has this week been dominated by production reports.
Market Reports /
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9 years ago
30 Jul 2015 - Energy gains fuel ASX advance. GUD Holdings Limited (ASX:GUD) rises to the best performer after forecasting a substantial uplift in financial performance.
Market Reports /
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9 years ago
30 Jul 2015 - Energy & mining lead ASX gains. AWE Limited (ASX:AWE) posts an annual output drop but confirms its on track to almost double output by 2018.
Market Reports /
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10 years ago
20 Jul 2015 - ASX lifts 0.3% into new week. M&A action The A2 Milk Company Limited (ASX:A2M, NZX:ATM) and Duet Group (ASX:DUE).