AWE awe limited
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AWE Limited (ASX:AWE) has achieved a major milestone with the...

  1. Proactive
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    05/01/15
    17:10
    Post #: 14538741

    AWE Limited (ASX:AWE) has achieved a major milestone with the Indonesian Government approving the plan of development for the Lengo Gas Field offshore East Java.

    Lengo has an estimated 200 billion cubic feet of recoverable sales gas. AWE has 42.5% interest in the project.

    Growing demand in East Java is expected to keep gas prices firm despite current oil market volatility.

    The company will now work with operator KrisEnergy towards a final investment decision.

     

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