AUSTRALIA

AWE plays it safe at Waitsia

THE Perth Basin's newest gas field, Waitsia, has just delivered yet another 2P reserves increase with operator AWE bringing its calculations into line with an earlier upgrade by 50% partner Origin Energy but has not booked the upside, preferring to err on the side of caution.

AWE plays it safe at Waitsia

AWE said this morning that following receipt of an independent certification report from consultancy RISC it was able to increase its estimate for the field within L1/L2 by 34% to a gross 460 billion cubic...

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