MARKETS

AWE reduces debt 

AWE has released its half year financial results confirming debt reduction and increase in sales, just says after it confirmed a 78% resource upgrade for the Waitsia gas field to reserves of 820 petajoules (2P) - a flurry of good news for the takeover target.

MD David Biggs

MD David Biggs

For all of China Energy Reserve Chemical Group's attacks on AWE management in its second hostile, likely unsuccessful, takeover attempt, the December halt results relatively strong, with operating costs...

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