MARKETWRAP: Exploration missteps hit hard

REPORTING season is upon us once again and the shareholder response to the cost of poor exploration results has been decidedly negative.

MARKETWRAP: Exploration missteps hit hard MARKETWRAP: Exploration missteps hit hard MARKETWRAP: Exploration missteps hit hard MARKETWRAP: Exploration missteps hit hard MARKETWRAP: Exploration missteps hit hard

AWE's revelation that a string of unsuccessful wells had left a gaping hole in its balance sheet proved to be unpopular with punters.

The company posted a net after-tax loss of $28.

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