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.

Australis 1P reserves upgraded by 53% Australis 1P reserves upgraded by 53% Australis 1P reserves upgraded by 53% Australis 1P reserves upgraded by 53% Australis 1P reserves upgraded by 53%

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.