Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

General Information

AWE Limited
AWE
http://www.awexplore.com
Oil & Gas Exploration & Production
642
526

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$1.22 $1.24 $1.24 $1.21 $1.22 2075237 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Buy
30/06/2015
3

Company Overview

Business Description
AWE Limited (AWE) is an Australian energy company focused on upstream oil and gas exploration and production. AWE has interests in exploration assets in Australia, New Zealand, USA and Indonesia.
Strategy Analysis
AWE's focus is on oil and gas exploration and appraisal-type assets, in regions of proven prospectivity and where there is a high chance of commercial success. This focus includes currently marginal fields, whose worth may be improved by alternative and innovative appraisal and development approaches. Develop discoveries adjacent to installed infrastructure is a key component of value creation process. AWE reported NPAT down 56% to $13.22m for the half-year ended 31 December 2012, due to higher sales revenue from the BassGas project and additional profit of $12.7m (pre-tax) arising on the sale of shares in Buru Energy during that period. Revenues from ordinary activities were $146.03m, down 8% from the same period last year, mainly due to the BassGas shut-in. This was partly offset by sustained high oil prices and strong performances at Sugarloaf and Casino which achieved higher production than the corresponding prior period. Diluted EPS was 2.49 cents compared to 5.60 cents last year. Net operating cash flow was $39.38m compared to $75.35m last year. No interim dividend was declared, compared with 5.0 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F -12.1 -2.3 -68.5% -54.0 0.0 0.0% 100.0%
2015 F -38.4 -7.2 -288.0% -17.0 0.0 0.0% 100.0%
2014 A 20.3 3.8 7.3% 35.5 0.0 0.0% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
AWE (AWE) $636M -0.5956 0.0000 0.0000 92.3664 0.0000 0.0000 0.00% 0.00% 0.00%
Beach Energy (BPT) $1,365M 0.8455 -0.6149 -0.3429 5.2923 13.7435 20.9163 1.90% 2.86% 2.86%
Oil Search (OSH) $10,857M 0.6947 0.3423 -0.0298 24.6032 18.3290 18.8924 2.39% 2.54% 2.32%
Santos (STO) $7,849M 0.0505 -0.4458 1.1927 14.3696 25.9272 11.8242 0.00% 4.47% 4.47%
Woodside Petroleum (WPL) $28,202M 0.5477 -0.3755 -0.1044 9.5689 15.3216 17.1073 9.08% 5.19% 4.68%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 2.59 0.00 0.68 0.00
Market 0.91 15.90 1.30 1.26
Sector 1.16 11.90 0.51 0.34

Directors

Name Position Start Date
Mr Bruce Frederick William Clement Managing Director 01/02/2011
Dr Vijoleta Braach-Maksvytis Non-Executive Director 07/10/2010
Mr David Ian McEvoy Non-Executive Director 22/06/2006
Mr Kenneth Graham Williams Non-Executive Director 26/08/2009
Ms Karen Lee Collett Penrose Non-Executive Director 27/08/2013
Mr Raymond Betros Non-Executive Director 22/11/2012
Mr Bruce John Phillips Non-Executive Director, Non-Executive Chairman 19/11/2009

Management

Name Position
Ayten Saridas Chief Financial Officer
Dennis Washer Chief Operating Officer, General Manager,
Neil Tupper General Manager
Neville Francis Kelly General Manager - Corporate,Company Secretary

Substantial Shareholders

Holding Name
56,296,179 (10.77%) Ellerston Capital Limited and its associates
33,361,515 (6.38%) Norges Bank
31,415,596 (6.01%) DFA Group
31,388,293 (6.01%) Vinva Investment Management
28,042,584 (5.36%) AMP Limited
26,286,707 (5.03%) Commonwealth Bank of Australia

Calendar of Events

Date Event
27 April 2016 Report (Quarterly)
24 February 2016 Report (Interim)
28 January 2016 Report (Quarterly)
29 October 2015 Report (Quarterly)
19 October 2015 Report (Annual)
25 August 2015 Report (Prelim)
29 July 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.