The Australian company said the QK12-3-1D exploration well is to be drilled in the September quarter in Block 09/05 in which AWE owns a 40% interest.

It is understood the operator and 60% holder is Roc Oil, which is a subsidiary of China's Fosun International.

This is the second commitment well in Block 09/05. The pair last year drilled the QK11-1-1 well but it was not commercial.

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