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EXPLORATION

Australis 1P reserves upgraded by 53%

AUSTRALIS Oil and Gas is celebrating a substantial increase in its reserve and resource position in the Tuscaloosa Marine Shale project in the US, with 1P net oil reserves up by over 50% after an independent assessment.

Mark Tilly
RBC Markets paints a rosy picture

RBC Markets paints a rosy picture

  The assessment in the TMS Core was carried out by Ryder Scott Company, with net oil 1P reserves coming in at 48.6 million barrels, and increase of 53%, 2P at 62MMbbls, up 25% and 3P at 93.8MMbbls,...

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