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OPERATIONS

AWE steady as sharks circle

TRIPLE takeover target AWE, which is in the sights of Mitsui, Mineral Resources and a Chinese group, has delivered a December quarter result with flat production and increased revenue of just A$22 million, but the attractiveness in AWE is less about its income and more about Waitsia’s potential. 

Haydn Black
Waitsia-3 flow test

Waitsia-3 flow test

      AWE has reshaped itself over the past few years to focus on the Waitsia development in the Perth Basin, where the company late last year delivered not only an 80% increase in Waitsia gross...

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