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AWE Limited Grows Production; Flush With Cash Post Eagle Ford Sale
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Awe Limited has announced first quarter 2016 results.
USASugarloaf AMI (~10%, net ~7.5% after royalties), Texas
AWE’s share of production from Sugarloaf declined by 16% in the March quarter following the completion of the sale of this asset on 17 March. AWE’s net share after royalties comprised 199,000 barrels of oil/condensate, 8,194 tonnes of LPG and 714 TJ of gas.Production and Development
YTD production of 4.2 mmboe, up 13% over the previous corresponding nine months, with Tui up 40%, BassGas up 36%, and Sugarloaf up 33%. Total production of 1.3 mmboe for the March quarter, down 13% over the previous quarter, due to planned maintenance at Casino, BassGas and Tui and the sale of Sugarloaf. Construction of Stage 1A of the Waitsia Gas Project has commenced following the award of…- ✓ Full news archive — U.S., Canada & international coverage
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