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Last A$0.92 AUD
Change Today -0.01 / -1.08%
Volume 1.8M
As of 1:26 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

awe ltd (AWE) Snapshot

Open
A$0.94
Previous Close
A$0.93
Day High
A$0.97
Day Low
A$0.91
52 Week High
09/19/14 - A$2.00
52 Week Low
08/26/15 - A$0.80
Market Cap
478.5M
Average Volume 10 Days
3.6M
EPS TTM
A$-0.44
Shares Outstanding
525.9M
EX-Date
12/14/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AWE LTD (AWE)

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awe ltd (AWE) Details

AWE Limited engages in the exploration and production of oil and gas properties in Australia, New Zealand, the United States, and Indonesia. It produces and sells crude oil, gas, condensate, LPG, and LNG products. The company’s principal producing assets include the Tui oil fields, which are located in offshore Taranaki basin, New Zealand; the BassGas project situated in offshore Bass Strait, Tasmania; the Cliff Head oil field that is located in offshore Perth basin, Western Australia; the Casino gas field located in the offshore Otway Basin, Victoria; the onshore Perth Basin interests in Western Australia; and Sugarloaf AMI project in Texas, the United States. The company was formerly known as Australian Worldwide Exploration Limited and changed its name to AWE Limited in November 2009. AWE Limited was founded in 1997 and is based in North Sydney, Australia.

Founded in 1997

awe ltd (AWE) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: A$1.1M
Chief Financial Officer
Total Annual Compensation: A$590.6K
Chief Operating Officer and General Manager o...
Total Annual Compensation: A$732.3K
General Manager of Corporate and Company Secr...
Total Annual Compensation: A$478.9K
General Manager of Exploration & Geoscience
Total Annual Compensation: A$638.0K
Compensation as of Fiscal Year 2015.

awe ltd (AWE) Key Developments

AWE Seeks To Sell Assets

AWE Limited (ASX:AWE) is looking to sell its' assets. Bruce Clement, Managing Director said, "The priority for the Company now is to maintain financial discipline and preserve balance sheet strength in this low oil price environment. As a result, forecast development and exploration expenditures have been substantially reduced for 2015-16 and we will continue to rationalise our asset portfolio with further farm downs and the sale of non-core assets over the coming year."

AWE Limited Reports Unaudited Consolidated Production and Financial Results for the Year Ended 30 June 2015; Provides Earnings Guidance for the Fiscal Year 2016

AWE Limited reported unaudited consolidated financial results for the year ended 30 June 2015. For the year, the consolidated entity reported profit attributable to members of the company of $230.2 million for the year compared to a net profit after tax of $62.5 million for the previous financial year (which included a net profit on sale of AWE’s 50% interest in the Ande Ande Lumit (AAL) project). The result includes a net impairment charge of $157.5 million ($246 million pre-tax, $88.7 million tax effect) relating to the Tui and Cliff Head oil projects, reflecting the decline in global oil prices, and the BassGas project relating to a reduction in recognised 2P Reserves. Sales revenue for 2015 was $283.7 million. This was 14% lower than $328.3 million for the previous year due to the significant decline in global oil prices and lower overall production. Field EBITDAX of $143.2 million was lower than $208.8 million for the previous year also reflecting the lower oil price environment and reduced production for the period. Net cash from operating activities was $62.2 million, lower than the previous financial year of AUD 123.7 million. Underlying loss for the period was AUD 52.3 million after adjusting for non-recurring items of AUD 177.9 million after tax, including exploration and evaluation costs of AUD 37.6 million. This compares to an underlying profit of AUD 7 million for the previous financial year. Loss from operating activities was AUD 297.57 million against profit of AUD 106.51 million for the same period of last year. Loss before tax was AUD 309.50 million against profit of AUD 96.42 million for the same period of last year. Diluted loss per ordinary share was 43.84 cents against EPS of 11.73 cents for the same period of last year. Exploration and evaluation assets initially capitalised was AUD 26.406 million against AUD 9.75 million for the same period of last year. Payments in relation to oil and gas assets was AUD 239.05 million against AUD 130.2 million for the same period of last year. Other plant and equipment and intangibles was AUD 2.435 million against AUD 1.2 million for the same period of last year. Purchase of land and buildings was AUD 12.19 million. For the year, the total production was 5.1 million barrels of oil equivalent. For fiscal year 2016, the company provided revenue guidance of AUD 225 million to AUD 250 million for next year. The CapEx guidance is in the range of AUD 135 million to AUD 165 million for fiscal year 2016.

AWE Limited Commences Production at Yolla-6 Well of Bassgas Project

AWE Limited a 35% joint venture partner in the BassGas project, has commenced production at the Yolla-6 development well of BassGas project in Australia. The well has been successfully tied-in to export facilities on the Yolla platform. The Operator is monitoring well performance to achieve optimal co-mingling with production from the existing Yolla-4 well. The early unstablised production rate from the BassGas facilities has now increased to approximately 57 TJ/day following the addition of the Yolla-6 well.

 

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Industry Analysis

AWE

Industry Average

Valuation AWE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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