AWE completes Sugarloaf sale

March 17, 2016

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ASX-listed AWE has completed the $190-million sale of its 10% working interest in the Sugarloaf project, in Texas, to US-based Carrier Energy Partners.

The two companies in January agreed to the sale, with the proceeds to be used to repay debt drawn under AWE’s debt facility, and to substantially strengthen the company’s balance sheet.

Category: General