Australis releases updated reserve and resource estimate

AUSTRALIS Oil & Gas’ Tuscaloosa Marine Shale assets covering some 110,000 net acres of the US Gulf Coast have been independently assessed by Ryder Scott with proved developed potential on an NPV 10 basis of US$82.8 million. 

Australis releases updated reserve and resource estimate Australis releases updated reserve and resource estimate Australis releases updated reserve and resource estimate Australis releases updated reserve and resource estimate Australis releases updated reserve and resource estimate

Independent assessors upgrade TMS hopeful 

 
 
It comes with a modest upgrade to its 1P reserves and a large one to its 3P reserves to 31.9 million barrels of oil and 39 of 89.2MMbbl respectively, with 2P of 49.7MMbbl.