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“The fundamentals of the upstream oil and gas industry remain strong, with AWE’s benchmarked international oil prices above their historical trends and increasing domestic and international demand for gas.”
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Key Highlights

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If successful, the tight gas and shale gas initiative in Perth Basin has the potential to significantly increase the reserves base and value of the company
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Sales revenue for the year was down slightly to $305 million.  Operating cash flow after tax of $140 million was up by 6% on the prior year.
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AWE plans to reinvest approximately $150 million in development projects during 2011-12
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The board believes that the company’s fundamental value is not fully recognised in the current share price.
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AWE reported a reduction in greenhouse gas emissions across it’s operations, following a similar reduction in emission over the previous corresponding period.

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   Share Price Information

Annual General Meeting

Thursday, 24 November 2011
10:30 AM (AEST)
The Museum of Sydney
corner of Bridge and Phillip Streets
Sydney, NSW, Australia More


 
 
 
 
Sugarloaf AMI (USA)
AWE’s investment in the Sugarloaf shale gas project in the USA has been a success for the Company. At the time, it represented a significant investment for AWE in a new and developing business. More
 
 
BassGas Project (Bass Basin)
The Company holds a 57.5% interest in the project and AWE’s share of development expenditure during 2011-12 is forecast to be approx $135 million. More