AWE P&As East Java basin wildcat

AWE Ltd. has elected to P&A its Atlas-1 wildcat well offshore Indonesia.

Jun 12th, 2012

Offshore staff

NORTH SYDNEY, Australia –AWE Ltd. has elected to P&A its Atlas-1 wildcat well offshore Indonesia. The well found gas with a high CO2content at 2,011 ft. (613 m) in the Titan Production Sharing Contract in the offshore East Java basin.

Participants in the Titan PSC are:

AWE Limited (via subsidiaries) (Operator) 40%

Baruna Oil and Gas Ltd 25%

Mitra Energy (Indonesia Titan) Ltd 25%

PT. Sillo Maritime Perdana 10%,

6/12/2012

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