Mission
- To build a 3P reserve base of 3,000 PJ's by year end 2014
- To develop a significant and diverse exploration portfolio
2011 highlights
- Zero Lost Time Injuries (LTI's)
- 4 years operating with no LTI's
- Zero environmental incidents
- First 3P reserves of 39PJ
- Independent CSG resource certification
- 3C contingent resources of 2,590PJ (Recoverable)
- Prospective resources of 2,243PJ (Recoverable)
- World class gas content recorded
- Production testing commenced
- High grading of acreage
- Identification of shale gas potential in Maryborough Basin
- MOU for supply of gas in the Moranbah (ATP814P) region
2012 outlook
- Achieve commercial gas flow rates in ATP814P
- Deliver 2P and 3P reserves from the Monslatt Contingent Resource
- Targeting 1,000PJ of 3P reserves within 12 months
- Execute Gas sales agreements to initiate development activity
- Continue to undertake work on the Production Licence approval process for the Monslatt resource
- Initiate front end engineering design for a Monslatt gas development
- Advance small-scale LNG projects
- Ongoing review of all opportunities that will add shareholder value
- Commence exploration activities in the Maryborough basin
