Record quarterly oil production and revenue
- June quarter oil production up 43.3% on the previous quarter to a new high of 0.43 million barrels (mmbbls)
- Oil revenue up 33.5% quarter on quarter to a new record of $49.8 million
- Average Australian dollar oil price of $119 per barrel
Drilling success lifts production
- 30 oil wells drilled in FY14
- New oil wells placed on production at Spitfire, Mustang, Burruna and Acrasia oil fields in South Australia’s Cooper-Eromanga Basin Oil reserves upgraded
- Net proved (1P) oil reserves additions of 2.1 mmbbls lifted net 1P reserves to 5.5 mmbbls
- Net proved and probable (2P) oil reserves additions of 4.5 mmbbls lifted net 2P reserves to 13.3 mmbbls
- Net proved, probable and possible (3P) oil reserves additions of 1.4 mmbbls delivered net 3P reserves of 20.5 mmbbls
