Senex delivered a major Surat Basin gas reserves upgrade during the FY20 financial year, reporting a 108 per cent increase in 1P reserves (from 101 PJ to 210 PJ) and a 21 per cent increase in 2P gas reserves (from 612 PJ to 739 PJ).
This followed outstanding execution of our Surat Basin natural gas developments, excellent appraisal and continued Roma North production outperformance.
Senex’s annual estimate of reserves and contingent resources is independently certified by Netherland Sewell & Associates and DeGolyer and MacNaughton. Senex released a reserves upgrade statement to the ASX on 14 July 2020.
Read more about Senex’s 2020 full year results and outlook.