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AWE Completes Indonesian Transaction

Source: www.gulfoilandgas.com 2/17/2012, Location: Asia

AWE Limited (“AWE”) is pleased to announce that the transaction to acquire a 100% interest and operatorship of two Production Sharing Contracts offshore Indonesia has been completed effective 17 February 2012.

Commenting on the Completion, AWE Managing Director Bruce Clement said:

“AWE is excited by the opportunity that this transaction provides to the Company. “The Company believes that the acquisition provides a valuable growth opportunity, through the development of the Ande Ande Lumut oil field and the potential exploration opportunities already identified in both Production Sharing Contracts.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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