AWE’s sweet asset sale

Amid crashing oil prices, AWE has sold its Sugarloaf oil field for an astonishing price.

AWE has announced the sale of its sole American asset, a stake in the Sugarloaf oil and gas field in the Eagle Ford Shale in Texas, for the unbelievable sum of US$190m. At current exchange rates that equals about $270m, more than the entire market capitalisation of the company. It is an extraordinary deal in the current oil price environment.


SMS Code Sent…

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

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

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

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles