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Payouts bite into AWE cash

FREED from its abandonment obligations in New Zealand, AWE is now directing more of its attention to its Australian assets, with the Bass Gas expansion project nearly complete, new Otway Basin options being examined and the upcoming Waitsia appraisal program on the table.

Haydn Black
Payouts bite into AWE cash

AWE said the sale of the Tui Area project to Tamarind Energy freed it from future abandonment liabilities of $67 million and should result in a non-cash profit after tax of $27 million, however the company...

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