As at 30 June 2016
Summary of Notable Changes
The T/18P Exploration License was relinquished in August 2015, following the approval of four retention license applications for the Trefoil, Rockhopper, White Ibis and Bass-3 fields; T/R L2, T/R L3, T/R L4, T/R L5.
On 5 May, 2016, AWE entered into an agreement to sell its 42.5% interest in the Bulu PSC, including the undeveloped Lengo gas project, to a subsidiary of HyOil Pte Ltd for up to A$27.5 million cash. The effective date is 1 April 2016 and the transaction is subject to the approval of the Indonesian government.
AWE’s Half Year 17 results: David Biggs, AWE’s CEO and Managing Director, discusses the company’s financial results, operating performance and outlook
Our strategy of building a portfolio of assets with diversity of product and geography provides us with a level of resilience and flexibility to manage change in volatile markets