AWE 0.00% 94.0¢ awe limited

Aug 9 (Reuters) - Awe Ltd (AWE) - expects to impair carrying...

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    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
 
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Currently unlisted public company.

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