ORIGIN ENERGY LIMITED — Capital/Financing Update 2015

Jul 29, 2015

ASX Announcement 30 July 2015

Yolla-6 well begins production at BassGas

AWE Limited (ASX: AWE), a 35% joint venture partner in the BassGas project, advises that the Yolla-6 development well has been successfully tied-in to export facilities on the Yolla platform and production from that well has commenced.

The Operator is monitoring well performance to achieve optimal co-mingling with production from the existing Yolla-4 well. The early unstablised production rate from the BassGas facilities has now increased to approximately 57 TJ/day following the addition of the Yolla-6 well.

AWE Managing Director, Bruce Clement, said that the development drilling phase of the BassGas Mid Life Enhancement project was nearing completion.

“With Yolla-6 now on production, and well performance in-line with data acquired while drilling the well, we are looking forward to additional production from the Yolla-5 well, due to come online in early August,” he said.

The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria. The Yolla platform is located in Bass Strait, approximately 140km offshore from Kilcunda, Victoria.

approximately 140km offshore from Kilcunda, Victoria.
The BassGas Joint Venture partners in T/L1 are:
AWE Limited (via subsidiaries)	35.00%
Origin Energy Resources Limited (Operator)	42.50%
Toyota Tsusho Gas E&P Trefoil Limited	11.25%
Prize Petroleum International Pte. Ltd	11.25%

About AWE Limited.

AWE Limited is an Australian based energy company focused on upstream oil and gas and related energy opportunities. Established in 1997 and listed on the ASX, the Company is headquartered in Sydney, Australia, with international operating offices in New Zealand and Indonesia. AWE has built a substantial portfolio of production, development and exploration assets in Australia, New Zealand, USA, Indonesia and China. With its strong technical base and disciplined financial management, AWE will continue to pursue exploration, appraisal and development growth opportunities in Australasia and Asia.

For information please see our website www.awexplore.com or contact:

Investor RelationsMatthew SullivanAWE Limited02 8912 8022Matthew.sullivan@awexplore.com	Media EnquiriesIan HowarthCollins St Media03 9600 1979ian@collinsstreetmedia.com.au

AWE LIMITED LEVEL 16, 40 MOUNT STREET NORTH SYDNEY NSW 2060 AUSTRALIA P +61 2 8912 8000 F +61 2 9460 0176 E awe@awexplore.com ABN 70 077 897 440 www.awexplore.com

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