Senex Energy Limited, 2P oil reserves upgraded by 4.5 mmbbls to 13.3 mmbbls

Key points

 

- 2P oil reserves replacement ratio (RRR)1 of 327%

- Independently assessed by DeGolyer and MacNaughton (D&M)

- Net proved (1P) oil reserves up by 2.1 million barrels (mmbbls) to 5.5 mmbbls2

- Net proved and probable (2P) oil reserves up 4.5 mmbbls to 13.3 mmbbls2

- Net proved, probable and possible (3P) reserves additions of 1.4 mmbbls resulted in net 3P oil reserves of 20.5 mmbbls2