Reserves taken from Baillieu research and the added reserve upgrade from Mel's recent Pel 13 ann.
Australian CSG Reserves
(Petajoules)
Company 3P 2P
QGC (BG) 14261 7245
Origin 6206 4786
Conoco Phillips 6206 4786
Shell 4129 2636
PetroChina 4129 2636
AGL 3506 2029
Santos 3283 2035
Bow Energy 2574 114
Metgasco 2239 397 2541.7 427.9 post ann 3p 2p
Sinopec 2190 1689
Petronas 2112 1377
Eastern Star 1818 988
Kagas 1152 751
Molopo 828 345
The increase hasn't pushed us up the ladder much with an increase of overall 3P reserves of 13.5% and 2P reserves of 7.8%. I guess this is why the sp remained flat imo.
I think we need to sure up reserves quickly rather then steadily with the the likes of other gas players waiting for their reserve upgrades, which may potentially dwarf our reserves and leave us out of the race to potentially secure gas contracts with the majors down the track.
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