Reserves & Resources

Net proved (1P) gas reserves were 123.30 PJ and net proved (1P) oil reserves were 0.77 mmbbl at 30 June 2020.

Net proved plus probable (2P) gas reserves were 155.60 PJ and net proved plus probable (2P) oil reserves were 0.97 mmbbl at 30 June 2020.

AGGREGATE RESERVES (Central Petroleum Share)
Unit 30/06/2020
Oil
Proved reserves 1P mmbbl 0.77
Proved plus probable reserves 2P mmbbl 0.97
Contingent Resources 2C mmbbl 0.10
Gas
Proved reserves 1P PJ 123.30
Proved plus probable reserves 2P PJ 155.60
Contingent Resources 2C PJ 239.90*
RESERVES PER FIELD (Central Petroleum Share)
Unit 30/06/2020
Mereenie, oil
Proved reserves 1P mmbbl 0.77
Proved plus probable reserves 2P mmbbl 0.97
Contingent Resources 2C mmbbl 0.10
Mereenie, gas
Proved reserves 1P PJ 69.30
Proved plus probable reserves 2P PJ 91.80
Contingent Resources 2C PJ 91.20
Palm Valley
Proved reserves 1P PJ 24.70
Proved plus probable reserves 2P PJ 27.70
Contingent Resources 2C PJ 13.70
Dingo
Proved reserves 1P PJ 29.30
Proved plus probable reserves 2P PJ 36.10
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 2020 for Mereenie, Dingo and Palm Valley. These reserves were first reported to the market on 24 July 2020.

Contingent resources – The contingent gas resources included in this report are net to Central and as at 30 June 2020 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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