AWE backs out of Aussie Plover

摘要

AWE Ltd, operator of EP 455 in the Perth Basin, Western Australia, says that following consultation with partner Titan Energy, it will not proceed with Phase 2 of the Drover-1 exploration programme and will not hydraulically fracture stimulate the well. Results from the Diagnostic Fracture Injection Test (DFIT), completed in April, and analysis of the core samples and wireline data taken in 2014 have provided sufficient information for AWE’s assessment of the shale gas potential in the southern extent of its Perth Basin acreage and no further work is required at this location, AWE said.