Project Longhorn
STEADY PRODUCTION TO SUPPORT EXPLORATION AND APPRAISAL ACTIVITIES
Non-Operator | ~64% WI
2.6 MMBO 2P Net Reserves to 88E Revenue Entitlement1
49 Producing Wells over ~3k net acres
- Low-cost Entry with NET 2P Reserves
- Solid PDP Production with Workover and new drill upside
- 6 work-overs successfully completed in 2022 delivering increased production since acquistion
- 5 workovers approved for 2024
- At least 20 new drill targets and 5 work-overs remain on the acreage providing growing production potential
| GROSS RESERVES (MMBOE) | NET RESERVES (MMBOE) | |||||
| 1P | 2P | 3P | 1P | 2P | 3P | |
| Bighorn 1 | 3.48 | 4.67 | 6.20 | 1.94 | 2.62 | 3.55 |
1. Refer to 31 December 2023 Annual Report for latest reserves and ASX announcement 21 February 2022 announcing the acquisition of Project Longhorn assets and initial reserves estimates and assumptions.
"Project Longhorn continues to deliver consistent cash flows that support our exploration AND APPRAISAL EFFORTS"
Ashley Gilbert, Managing Director
