AWE LtdGrey Market
Sep. 18, 2014, 7:43 AM
- Australian energy company AWE (OTC:AWWEF) says it may have made the largest onshore natural gas discovery in Western Australia for 50 years, in partnership with Origin Energy (OTC:OGFGF).
- The Waitsia field could contain more than 1T cf of natural gas, AWE says, following an initial analysis of the recently drilled Senecio-3 well.
- Interest in Australia energy exploration has been waning recently, especially offshore where drilling costs can be high, but the Waitsia discovery could help reverse the trend.