AWE

AWE said that well performance from Stage 1A of the Waitsia gas project in the North Perth Basin of Western Australia has exceeded preproduction expectations over the first 3 months of operations. Stage 1A of the company-operated project began production in August 2016 from the Senecio-3 discovery well and the Waitsia-1 appraisal well. An independent review of the well performance has determined that preliminary results from the two zones under test indicate an accessed gas-in-place volume of 100 Bcf or more. AWE and Origin Energy each hold 50% interests in the project.


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