AWE Strategy

AWE has consolidated and refocused its operations, reshaped strategy to operate in a low oil price environment, and begun the transition to the next generation of production assets. The company is now a leaner, more efficient and focused business with a refreshed management team and a suite of long-life development assets. AWE's near to medium term focus is on increasing production and revenue from high value domestic gas projects, while retaining exposure to oil price upside through the development-ready Ande Ande Lumut oil project in Indonesia.

AWE's CEO and Managing Director, David Biggs, outlined the company's vision for growth in the HY17 results presentation (released 28 February 2017). Key highlights are summarised below:

A clear vision for AWE

AWE aims to more than double production by FY21 and become a leading Australian mid-cap E&P company by:

  • Maximising production and revenue growth from current gas assets
  • Delivering high value gas and oil development projects (Waitsia, AAL, Trefoil and Casino Stage 3) from current portfolio of 2P Reserves and 2C Contingent Resources
  • Adding value-accretive production and reserves through acquisition
  • Increasing focus on high potential exploration assets embedded in our existing portfolio
  • Creating shareholder value by delivering improved production, revenue, cash flow and profitability
  • Enhancing and extending our Operating capability
  • Maintaining our focus on safety, asset integrity, community and the environment

AWE’s goals*

* Goals determined with reference to current company modelling and strategy. Includes Waitsia Stage 2 and AAL development at 25% equity post FID. Goals are aspirational and are not formal company forecasts.

Unlocking value in AWE


For a complete copy of the HY17 results presentation, click here. To listen to the webcast, featuring CEO David Biggs and CFO Ian Bucknell, click here.


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Listed on the Australian Securities Exchange (ASX), AWE has reshaped itself to operate in a low oil price environment with a near-term focus on domestic gas production.

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