Beach's Proved and Probable recoverable reserves as at 1 July 2008 were 145.2 million barrels of oil equivalent (mmboe).
| Area |
Proved and Probable Reserves |
Oil (mmb)
|
Gas Liquids (kboe)
|
Sales Gas & Ethane (PJ)
|
Oil Equivalent (mmboe)
|
| Cooper/Eromanga Basin |
15.25 |
7.11 |
237.69 |
63.23 |
Gippsland Basin |
5.85 |
- |
- |
5.85 |
Surat Basin |
- |
- |
443.00 |
76.17 |
TOTAL |
21.10 |
7.11 |
680.69 |
145.25 |
| Date |
Proved and Probable Reserves (mmboe) |
| 30 June 2001 |
1.0 |
| 30 June 2002 |
3.8 |
| 30 June 2003 |
4.5 |
| 30 June 2004 |
4.3 |
| 30 June 2005 |
10.8 |
| 30 June 2006 |
36.2 |
| 30 June 2007 |
89.6 |
| 30 June 2008 |
145.2 |
Note:
- Cooper/Eromanga Reserves are determined on the basis of Operators’ assessments.
- Gippsland Basin Reserves are based upon an independent assessment conducted by Resource Investment Strategy Consultants (RISC) in August 2008. In addition, RISC assessed additional 2P Reserves of 16 mmboe (net to Beach Petroleum) associated with the BMG gas project. Beach Petroleum has elected to defer booking the reserve until development of the gas and associated oil and condensate reserves is approved by BMG Joint Venture.
- Reserves in the Surat Basin (Tipton West Field) are based upon an independent assessment carried out by Netherland Sewell and Associate Inc. in July 2008.
