🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

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
-

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.