Beach's proved and probable reserves as at 30 June 2017 were approximately 75 million barrels of oil equivalent (MMboe) and contingent resources were approximately 153 MMboe. A detailed breakdown of reserves and resources is included in the FY17 Annual Report.
In FY17 Beach held interests in production joint ventures in the Cooper/Eromanga Basin and Gulf of Suez (Egypt). Egypt was sold in August 2016.
Beach's FY17 production was 10.6 million barrels of oil equivalent (MMboe).
The reserves and resources information in this presentation is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of, Mr Tony Lake (Manager Gas Development). Mr Lake is an employee of Beach Energy Ltd and has a BE (Mech) degree from the University of Adelaide and is a member of the Society of Petroleum Engineers. The reserves and resources information in this announcement has been issued with the prior written consent of Mr Lake in the form and context in which it appears.