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
