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MARKETS

AWE pushing hard on Waitsia

AWE is on the hunt for cash for Waitsia field development offering two share placements that might total $48 million after 2P reserves rose by 78%, but analysts have cautioned it still needs gas sales agreements in a market of constrained demand.

Helen Clark
Waitsia-4.

Waitsia-4.

AWE is raising $38 million via an institutional share placement, followed by a $10 million offer to all Australian and New Zealand shareholders to participate in a share purchase plan and has big plans...

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