AWE: Interim result 2014

The results weren't quite as impressive as they first appeared but improvements are coming, says Gaurav Sodhi.

Higher production and higher profits featured in AWE’s half-year results. Production of oil and gas rose 28% from the prior period to 3m barrels of oil equivalent (mmboe), lifting revenue by 21% to $175m. Reported profit rose more than 500% to $82m, but that included a $75m profit from the part sale of the Ande Ande Lamut oil field during the period. On an underlying basis, profits actually fell 18% to $11m due to lower realised prices.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles