Waitsia's upside increases

AWE and Origin Energy’s discovery of one of the largest onshore conventional gas fields in Australia in decades has continued to impress, with AWE reporting that after three months the Senecio-3 and Waitsia-1 wells have exceeded already high pre-drill expectations.

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Waitsia Stage 1A, which is selling up to 10 terajoule per day pilot selling gas to Alinta Energy on a take-or-pay contract, is producing from the deep Kingia Sandstone and High Cliff