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AWE Ltd.

AWE Ltd.

Sector: Crude Petroleum And Natural Gas Region: Australia


: | ASX: AWE


Similar to: Southwestern Energy Co., Regal Petroleum plc, SOCO International Plc

AWE Ltd. is an oil and gas exploration company. It focuses on exploration and appraisal-type assets, in regions of proven prospectivity. Currently, the company has six main producing assets: Tui oil fields-offshore basin in New Zealand, BassGas project-offshore Bass Strait in Tasmania, Cliff head oil field-offshore Perth basin in Western Australia, Casino gas field-offshore Otway basin in Victoria, Onshore Perth Basin interests in Western Australia, and Onshore U.S. shale gas in Texas. The company operates its business through six segments: South East Australia, Western Australia, New Zealand, USA, Indonesia and Exploration Activities. The South-Eastern Australia Gas segment engages in the production and sale of gas, condensate and LPG from the BassGas and Casino gas projects. The Western Australia Oil and Gas segment engages in the production and sale of crude oil, gas and condensate from the Cliff Head oil project and a series of small oil and gas fields to the south of Dongara, Western Australia. The New Zealand segment engages in the production and sale of crude oil from the Tui Area oil project. The USA segment engages in the production and sale of gas and condensate from the Sugarloaf AMI. The Indonesia segment comprises of undeveloped Ande Ande Lumut oil field. The Exploration Activities segment engages in exploration and evaluation activities within the production licences and exploration permits. AWE was founded by Bruce John Phillips on March 17, 1997 and is headquartered in North Sydney, Australia.

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