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AWE Limited (ASX:AWE) has posted a 23 per cent decline in its full year production compared to the same time last year.



Quarterly production also descended 42.1 per cent.



The oil and gas company says it has a positive outlook for the new financial year with key growth projects underway in Indonesia as well as a shale gas exploration program in Western Australia.



AWE says it has secured a $300 million multi-currency loan facility that will assist with its growth initiatives.



AWE generated a net profit of $29.7 million in the first half of its 2012 financial year.