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EXPLORATION

AWE upgrades Waitsia

TAKEOVER target AWE has upgraded the 2P reserves of its Waitsia field by 80%, topping an earlier independent upgrade by RISC of 78%, to 820 petajoules gross after the excellent well flows from the Waitsia-3 and Waitsia-4 wells, with 2C reserves of 910PJ.

Helen Clark
AWE upgrades Waitsia

The upgrade, made yesterday, has prompted bidder China Energy Reserve and Chemical Group to again call for access to information for due diligence.    "As we have also said, we would welcome the opportunity...

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