Reserves & Resources

Net proved (1P) gas reserves were 55.3 PJ and net proved (1P) oil reserves were 0.34 mmbbl at 30 June 2021 after allowing for partial asset sale that completed on 1 October 2021.

Net proved plus probable (2P) gas reserves were 71.5 PJ and net proved plus probable (2P) oil reserves were 0.44 mmbbl at 30 June 2021 (after completion of asset sale).

AGGREGATE RESERVES (Central Petroleum Share)

Unit

30/06/2020
(after asset sale)
Oil
Proved reserves 1P mmbbl 0.34
Proved plus probable reserves 2P mmbbl 0.44
Contingent Resources 2C mmbbl 0.05
Gas
Proved reserves 1P PJ 55.30
Proved plus probable reserves 2P PJ 71.50
Contingent Resources 2C PJ 187.45*

 

RESERVES PER FIELD (Central Petroleum Share)

Unit

30/06/2021
(after asset sale)
Mereenie, oil
Proved reserves 1P mmbbl 0.34
Proved plus probable reserves 2P mmbbl 0.44
Contingent Resources 2C mmbbl 0.05
Mereenie, gas
Proved reserves 1P PJ 30.55
Proved plus probable reserves 2P PJ 41.84
Contingent Resources 2C PJ 45.60
Palm Valley
Proved reserves 1P PJ 10.74
Proved plus probable reserves 2P PJ 12.21
Contingent Resources 2C PJ 6.84
Dingo
Proved reserves 1P PJ 14.02
Proved plus probable reserves 2P PJ 17.43
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 2021 for Mereenie, Dingo and Palm Valley. These reserves were first reported to the market on 1 October 2021.

Contingent resources – The contingent gas resources included in this report are net to Central and as at 30 June 2021 for Mereenie and Palm Valley and as at 15 August 2019 for the Range Gas Project and were first reported to the market on 24 July 2020 for Mereenie and 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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