QuickView: Achieving milestones
With a diverse portfolio focused across a number of stable geopolitical areas AWE, has 2P reserves of 81.5mmboe representing over 16 years of production potential. The company has the potential to double these in the short to medium term. AWE remains on track to meet its end-of-year guidance of 4.6-5.1mmboe production. An experienced and prudent management team at the helm and a diverse asset base should give investors confidence that AWE could outperform the sector once sentiment improves.AWE is an independent energy company focused on upstream oil and gas opportunities. Co. has a portfolio of production, development and exploration assets in Australia, New Zealand, and Indonesia. As of June 30 2016, Co. had total proved developed and undeveloped reserves of 44.4 million barrels of oil equivalents, which consisted of 151.9 petajoules of sales gas, 73.4 kilotons of liquefied petroleum gas, 0.9 million barrels of condensate, and 17.4 million barrels of oil.
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