Search results for: AWE

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  • 27 April 2016
    Business & Finance

    The pan-Asian container shipping alliance CKYHE Alliance said that it will provide more and restructured services through five Asia-US East Coast services from early June of 2016. The alliance members, comprising COSCON, “K”Line, Yang Ming, Hanjin and Evergreen Line, said that the services, AWE1/AWE3/AWE4/AWE8/NUE, will be redesigned on the route. Namely, the AWE1/AWE3/NUE loops will be upsizeded, while the AWE4/AWE8 […]

  • 27 February 2018

    China’s CERCG has withdrawn its offmarket takeover offer to take over Australia’s AWE for cash consideration of $0.73 per share.

  • 8 December 2017

    Despite withdrawing the initial takeover offer for the Australian oil and gas company Awe, the Chinese are not giving up. The China-state run company CERCG has now relaunched a takeover bid of a $0.73 per AWE Share. The bid is an increase compared to the one from November which was $0.71 per share. The initial bid […]

  • 21 February 2018
    Business & Finance

    Australia’s oil and gas producer AWE has urged its shareholders to accept the takeover bid from Japan’s Mitsui.

  • 1 June 2010
    Project & Tenders

    East Muriah PSC Pearl Energy (East Muriah) Ltd (“Pearl”), as Operator of the East Muriah PSC in the East Java Basin has advised that the East Lengo-1 exploration well started drilling on May 28, 2010. AWE Limited (“AWE”) has elected not to participate in the East Lengo-1 exploration well and Pearl will drill this well […]

  • 5 February 2018

    Australian oil and gas producer AWE has urged shareholders to accept Mitsui’s $0.95 per share takeover offer.

  • 22 December 2017

    Australian oil company AWE has received a takeover offer from Mineral Resources, following a recent takeover bid made by China’s CERCG. Mineral Resources has offered to acquire all AWE shares via a Scheme of Arrangement. If accepted, each AWE shareholder will receive as default consideration $0.415 paid in cash and between 0.0198 and 0.0277 Mineral […]

  • 29 January 2018
    Business & Finance

    Australian oil and gas explorer AWE has received yet another takeover proposal, a third in a space of just a few months

  • 31 January 2018
    Business & Finance

    Australian oil and gas producer AWE has given Mineral Resources three days to match Mitsui’s takeover bid.

  • 3 May 2018
    Business & Finance

    Mitsui’s A$580 million takeover bid for all of the shares of Australia’s oil and gas company AWE closed at 7 pm Sydney time on Thursday. 

  • 4 April 2018

    Japan’s Mitsui & Co takeover of the Australian oil and gas producer AWE Limited, has been declared unconditional following the acquisition of 51.89 percent of interest in AWE. 

  • 16 December 2013
    Business & Finance

    AWE Limited has rejected a non-binding and conditional scrip based takeover proposal from Senex Energy Limited (“Senex”). The Board determined that Senex’s proposal was not in the best interests of AWE shareholders and accordingly was not appropriate to pursue.   Following the meeting of the AWE Board, AWE verbally advised Senex of this decision on […]

  • 7 March 2018
    Business & Finance

    Japan’s Mitsui is set to declare its offer for the acquisition of Australian oil and gas producer AWE unconditional.

  • 13 December 2016
    Business & Finance

    Australian oil and gas company AWE has entered into an agreement to sell the company’s 57.5% interest in the Tui Area oil fields, offshore New Zealand, to Tamarind Management.  The transaction is subject to customary consents from the New Zealand Government and Tui Joint Venture. Under the terms of the agreement, Tamarind, established in August […]

  • 11 May 2016
    Business & Finance

    Australian oil and gas company AWE Petroleum has rejected a takeover offer. The company on Wednesday said it had received an unsolicited indicative, conditional and non-binding proposal from Lone Star Japan Acquisitions, Ltd on behalf of a Lone Star Fund, to acquire all of the shares in AWE for a cash consideration of A$0.80 per share. According […]

  • 5 December 2017
    Business & Finance

    China Energy Reserve and Chemical Group Australia Pty Limited (CERCG) has withdrawn its offer to acquire 100% of shares in AWE Limited.

  • 21 February 2018

    Australian oil and gas producer AWE Limited recommends its shareholders to accept the takeover offer made by Japan’s Mitsui, in the absence of a superior proposal. 

  • 21 December 2017

    Australian oil and gas producer AWE signed a binding scheme implementation deed with Mineral Resource Limited under which the latter will acquire all shared of AWE. 

  • 8 October 2015

    AWE’s managing director and chief executive officer, Bruce Clement, will step down during 2016 after five and a half years in the role.

  • 20 May 2013
    Business & Finance, Project & Tenders

    AWE Limited has increased its estimate of recoverable oil for the Ande Ande Lumut (AAL) K Sand development by 33% to 101 million barrels of oil (including upgrading what were previously considered Contingent Resources to Gross 2P Reserves), following an independent review and certification by Perth – based RPS Energy Services Pty Ltd (‘RPS”). An […]

  • 8 December 2011
    Business & Finance

    AWE Limited (“AWE”) has agreed to sell an 11.25% interest in T/L1 and 2.75% interest in T/18P in the Bass Basin to Toyota Tsusho Gas E&P Trefoil Pty Ltd (“Toyota Tsusho”) for a cash consideration of A$80.125 million. The transaction provides AWE with a more balanced asset portfolio, a very strong balance sheet, and considerable […]

  • 22 August 2013
    Business & Finance

    AWE Limited today announced that it has signed a sale and purchase agreement to sell a 50% interest in the Northwest Natuna PSC, which includes the Ande Ande Lumut oil project, to a subsidiary of Santos Limited or a total consideration of USD188 million, or approximately AUD209 million at current exchange rates. The consideration comprises […]