AWE Limited發布全年財務業績報告

AWE Limited (ASX: AWE) today announced its full year results for the 2016 financial year. Full year production remained steady at 5.0 mmboe and sales revenue of $202.4 million, including realised oil hedge gains of $11.8 million, was underpinned by long-term gas contract revenues of $69.4 million.

The company reported a statutory net loss after tax of $363.0 million, which included $242.5 million of non-cash impairments (after tax), with the majority advised to the market at the half year. After adjusting for non-recurring items, AWE’s underlying net loss after tax was $67.4 million.

Managing Director and CEO, Mr David Biggs, said that although FY16 was a year of considerable change for AWE, the company achieved critical milestones, extracted significant cost savings, strengthened its balance sheet and delivered a solid operating performance in tough market conditions.’Over the past 12 months, we have reshaped AWE to be leaner, more efficient and focused so that we can deliver the highly valuable Waitsia gas project and pursue other growth opportunities, including the AAL oil project, in this low oil price environment,’ he said.