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AWE hit with impairment

AFTER days of good news with promising results from its Waitsia-4 well and the withdrawal of an irritation from Dawney and Co AWE suffered a setback this morning with an overall drop in its reserves and resources and an impairment of the Ande Ande Lumut asset in Indonesia.

Haydn Black
AWE hit with impairment

While AWE had some promising news on its Waitsia and BassGas projects, the company was forced to drop its 2P reserves from 71.02MMboe to 51.87MMboe, a reduction of 27%, largely due to the low oil price...

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