As at 30 June 2016, Senex reported proven (1P) gas reserves for the first time in the Surat Basin.

Proven and probable (2P) gas reserves have also increased following an in-depth review of the GLNG Roma subsurface and production data and Senex historical production data, resulting in increased confidence in gas volumes and project economics.

In the Cooper Basin, a year of lower field activity driven by capital conservation measures has resulted in minor upward revisions in 1P and 2P estimates before accounting for production of 1.01 mmboe for the year. The Company has revised down Cooper Basin contingent resources by 39% to 208.0 mmboe, primarily relating to unconventional gas plays.

Senex achieved an organic three-year 2P oil reserves replacement ratio of 104% and an organic three-year 2P oil and gas reserves replacement ratio of 370%.

2P reserves FY16

2P reserves - mmboe2P reserves by product2P reserves by geography

2016 Annual Reserves Statement >