AUSTRALIA

AWE boosts FY13 guidance

AWE Ltd has increased its production and revenue guidance for 2012-13 and will reduce development expenditure after posting encouraging numbers for the September quarter.

AWE said its net petroleum production was just over 1 million barrels of oil equivalent for the quarter. That was 12% better than the previous quarter, but 37% down on the September 2011 quarter's 1.59...

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