Reserves & Resources

Net proved (1P) gas reserves were 120.2 PJ and net proved (1P) oil reserves were 0.68 MMbbl at 30 June 2019.

Net proved plus probable (2P) gas reserves were 144.69 PJ and net proved plus probable (2P) oil reserves were 0.87 MMbbl at 30 June 2019.

AGGREGATE RESERVES (Central Petroleum Share)
Unit 30/06/2019
Oil
Proved reserves 1P MMbbl 0.68
Proved plus probable reserves 2P MMbbl 0.87
Contingent Resources 2C MMbbl 0.10
Gas
Proved reserves 1P PJ 120.18
Proved plus probable reserves 2P PJ 144.69
Contingent Resources 2C PJ 239.79*
RESERVES PER FIELD (Central Petroleum Share)
Unit 30/06/2019
Mereenie, oil
Proved reserves 1P MMbbl 0.68
Proved plus probable reserves 2P MMbbl 0.87
Contingent Resources 2C MMbbl 0.10
Mereenie, gas
Proved reserves 1P PJ 71.19
Proved plus probable reserves 2P PJ 81.55
Contingent Resources 2C PJ 91.20
Palm Valley
Proved reserves 1P PJ 18.49
Proved plus probable reserves 2P PJ 25.83
Contingent Resources 2C PJ 13.58
Dingo
Proved reserves 1P PJ 30.49
Proved plus probable reserves 2P PJ 37.32
Contingent Resources 2C PJ
Range
Contingent Resources 2C PJ 135.00*

* Range 2C Resources are as at 15 August 2019

Note: Estimates may not arithmetically balance due to rounding


Reserves – The oil and gas reserves included in this report are net to Central as at 30 June 2019 for Mereenie, Dingo and Palm Valley. These reserves were first reported to the market on 13 November 2018 for Mereenie and Dingo and 12 June 2019 for Palm Valley.

Contingent resources – The contingent gas resources included in this report are net to Central and as at 30 June 2019 for Mereenie and Palm Valley and as at 15 August 2019 for the Range Gas Project and were first reported to the market on 13 November 2018 for Mereenie, 12 June 2019 for Palm Valley and 21 August 2019 for the Range Gas Project.

Central Petroleum Limited is not aware of any new information or data that materially affects the information included in this presentation and confirms that all the material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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