AWE sells US Shale assets for $190 million (Scandinavian Oil-Gas Magazine)

AWE sells US Shale assets for $190 million

Published Jan 28, 2016

AWE Limited has entered into an agreement to sell its 10% working interest in the Sugarloaf Area of Mutual Interest (AMI) to Carrier Energy Partners II, LLC (CEP II), for cash consideration of USD 190 million (AUD 271 million).

AWE has received a deposit of USD 14 million (AUD 20 million) and the transaction is expected to be completed by the end of March 2016.

Tags: AWE Limited

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