As at 30 June 2017, Senex reported 1P reserves of 16.7 mmboe, up 38% from the previous year.

Appraisal and planning activities undertaken on our Western Surat Gas Project during the 2017 financial year have driven increases in net 1P and 2P gas reserves in the Surat Basin.

The movement in Cooper Basin 1P and 2P reserves was relatively minor after accounting for production of 0.75 mmboe. The movement reflected minor technical revisions across several fields based on individual performance, incorporating drilling and production optimisation activities undertaken during the year, as well as adjustments to future field development plans.

Senex achieved an organic three-year 2P oil and gas reserves replacement ratio of 342%.

1P reserves FY17

2P reserves FY17

2017 Annual Reserves Statement >