News: AWE AWE expects to impair carrying value of Ande Ande Lumut Oil Project

Aug 9 (Reuters) - Awe Ltd (AWE) -

• expects to impair carrying value of ande ande lumut oil project
• Awe expects to recognise a non-cash impairment of carrying value of aal asset of between a$130 million to a$140 million before tax
• Estimated combined p&l impact of a$220m to a$230m before tax
• has also reviewed treatment of us$88 million carry relating to project
• Reviewed treatment of us$88 million carry will result in an impairment expense of a$90 million