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BRIEF-AWE says quarterly production of 1.42 MMBOE, up 28% on previous quarter

Published 30/07/2015, 10:26 am
© Reuters.  BRIEF-AWE says quarterly production of 1.42 MMBOE, up 28% on previous quarter
AWE
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July 29 (Reuters) - AWE Ltd AWE.AX :

* Awe's June 2015 quarterly report

* Says full year production of 5.1 mmboe at the top of the guidance range

* Says quarterly production of 1.42 mmboe, up 28% on the previous quarter

* Says full year sales revenue $284 million, down 13%

* Net increase in 2P reserves of 13.8 mmboe during the quarter following sugarloaf upgrade and yolla reduction"

* Says net debt of $123 million at 30 June 2015, comprising cash of $47 million and $170 million of drawn debt

* Average realised oil and condensate price for the quarter was a$72.07/bbl compared to a$57.33/bbl for the previous quarter

* Says new 4-year A$400 million secured multi-currency syndicated bank loan facility replaces and extends previous A$300 million facility

* Says expects an estimated non-cash impairment of the bassgas asset of between $100 million and $110 million after tax at 30 June 2015

* Says full year total lpg prodution down 6 percent

* Says full year total gas prodution down 20 percent

* Source text for Eikon ID:nASX5pHjPs

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