DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4b3b55/awe_limited_valuat) has announced the addition of GlobalData's new company profile "AWE Limited Valuation Report, August 2010 - Strategic and Operational Analysis" to their offering.
Increasing Focus on the Potential in Unconventional Oil and Gas to Drive Shareholders Value; Could be a Risky Drive
AWE has been increasing its focus on unconventional shale plays in order to drive the shareholders value. Currently, AWE has been targeting both onshore Perth Basin, Australia, and in the US. Onshore Perth Basin, Australia, has been an emerging region for natural gas where shale gas is being sought in a strong gas market. In the US, the company has interest in Sugarloaf AMI, a shale formation underlying the prospective Austin Chalk formation.
Onshore Perth Basin, Western Australia
AWE has interest in the northern part of the onshore Perth Basin, which is around 300km north of Perth. AWE acquired operations in the onshore Perth Basin through the merger with Arc Energy Limited. Following the merger, AWE owns various operated and non operated interests ranging from 33% to 100% in around 11 oil and gas fields. The merger with Arc Energy also provided AWE with interest in existing infrastructure supporting these assets. During 2010, the fields in onshore Perth Basin contributed a modest level of production through the year, totaling 0.42 MMbbl of oil and condensate and 4.4 Bcf of natural gas. AWE holds net acres of around 620,000 in the North Perth Basin. AWE is in a particularly strong position because the companys acreage contains three shale sequences that are present throughout the basin the Kockatea Shale, the Carynginia Formation and the Irwin River Coal Measures (IRCM).
During the quarter ended June 2010, the net average production was around 450 bbl per day and 3.1 MMcf of gas per day. As at June 30, 2009, the estimated net remaining probable and possible (2P) reserves were 0.4 MMbbl of oil and 15.9 Bcf of natural gas. The oil and condensate production from onshore Perth Basin is transported to the Kwinana oil refinery, located south of Perth. Thereafter, gas production is gathered at four gas processing facilities and injected into the Parmelia Pipeline for transport to various customers. The drilling at onshore Perth Basin gives transportation advantage to AWE as it is connected by an underutilized pipeline to the Perth market, where strong demand for natural gas is predicted. AWE conducted a 4-well drilling program during 2009 to provide additional production and to test some unexplored prospects in the onshore Perth Basin. The company reported the initial production from Carybas 1 well during Q4, 2010, whereas the production from new discovery well Redback South 1 got delayed due to a leaking in packer seal assembly. The company has been planning to assess the remaining prospect to evaluate some of the new opportunities in the basin.
AWE Limited (AWE) is an independent energy company engaged in exploration, development and production of crude oil, natural gas and natural gas liquids. The company owns a diverse and balanced crude oil and natural gas portfolio globally. AWE has producing assets in South East Australia, Western Australia, and New Zealand. Its South East Australia assets contributed around 43.5% of the companys total production, followed by 33.7% and 22.6% by its New Zealand and Western Australia assets respectively, in 2010. Apart from its producing assets, the company has been executing extensive exploration programs, mainly in Indonesia, New Zealand and Yemen. AWE has a strategy of exploring the acreages adjacent to its existing producing assets in order to boost its shareholder value.
Scope
- Investment Thesis: This section highlights the companies new ventures, liquidity issues, assets analysis, hedging, new projects details, capex funding, geographical results of oil and gas operations, and other related analysis.
- Goals and Strategies: Provide highlights on their existing and upcoming challenges with the possible strategies.
- SWOT: This section highlights the companies internal strength, weakness, opportunities and threats to better understand their position in the market
- Production and Development profile: This section highlights the companies forecasted crude oil and natural gas production from their existing and upcoming assets. It also covers the detailed information and analysis on the producing and development assets.
- Exploration and M&A trends: This section includes exploration assets information resulted due to new discoveries, new drilling and other activities. Additionally, M&A section highlights the companies recent assets transactions, joint ventures, acquisition, and divestment activities during the specified period.
- Financial Forecast and Valuation: This section highlights the detailed financial forecast of the companies for coming five years. This section also provides intrinsic value of the companies by using different valuation techniques.
- Peer Group: This section compares peer group performance with the main companies on the basis of share prices, financial ratios, operational and financial parameters and other related activities.
Reasons to buy
- The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to:
- Provide detailed analysis to those who are interested in knowing the companies existing and future business strategies.
- Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
- Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
- Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Key Topics Covered:
- 1 Introduction
- 2 AWE Limited, Company Overview
- 3 AWE Limited, Investment Summary
- 4 AWE Limited, SWOT Analysis
- 5 AWE Limited, Goals and Strategies
- 6 AWE Limited, Production and Development Overview
- 7 AWE Limited, Exploration Overview
- 8 AWE Limited, M&A Profile
- 9 AWE LImited, Forecast Production and Financial Statements
- 10 AWE Limited, Valuation
- 11 AWE Limited, Peer Comparision
- 12 AWE Limited, Key Risks
- 13 AWE Limited, Detailed Financial and Operational Metrics
- 14 Appendix
For more information visit http://www.researchandmarkets.com/research/4b3b55/awe_limited_valuat