Reserves and Resources

As a result of the acquisitions and additional land leasing, Australis has a significant reserve and resource position within the TMS.

As at 1 February 2017 Ryder Scott provided an estimate of the Company’s net (after royalty) reserves and resources within the focus area only:

  Reserves Resources
Description PDP
MMbbl
1C
MMbbl
2C
MMbbl
3C
MMbbl
Australis Reserve & Resource Estimate   5.0   34.6  106.6  181.0
Future net well locations       291*  

*Based on Australis estimate of 250 acre well spacing