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Australis updates reserves estimates

AUSTRALIS has updated its reserves and resources for 2021 via an independent estimate from Ryder Scott with downward revisions to its 1P, 2P and 3P reserves.

Australis updates reserves estimates

Proved reserves have dropped 18% to 2.98 million barrels of oil, 2P reserves 11% to 3.67MMbbl and 3P are down 4% to 4.54MMbbl. It has however seen an upward revision to 1C contingent resource of 13% to...

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