| “AWE remains a strong, growth focused company with substantial production, a strong balance sheet and a number of growth options” |
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Record oil and gas production of 9.9 million boe, driven primarily by the strong initial contribution from Tui.
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Oil and gas sales revenue reached $821 million, up 476% on the previous record.
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Henry gas project sanctioned and progressing towards first gas sales in early 2009. |
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New gas discoveries made at Lengo (Indonesia) and post year end, Netherby (Otway basin). |
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Balance sheet strengthened, with strong cash position and zero debt at year end. |
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Strong forward drilling programme, with high potential exploration activity planned in most of the key cornerstone asset areas. |
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Completed the merger with ARC Energy post year end. The merger will provide enhanced cash flow and added exploration opportunities. |
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