QPM Energy Announces Reserve Increase at Moranbah Gas Project to 1,016PJ
QPM Energy Limited (ASX: QPM) has confirmed an upgrade to reserves and resources at the Moranbah Gas Project following a revised assessment by independent adviser Netherland, Sewell & Associates.
The revised assessment confirms total reserves and resources of 1,016 petajoules, including 602.5 PJ of 2P reserves and 414.2 PJ of 2C contingent resources. All reserves are located within QPM’s wholly owned petroleum leases, which already hold the necessary environmental and regulatory approvals.
The upgraded resource base leaves more than 800PJ of uncontracted gas, providing substantial capacity to support future energy development initiatives. This includes potential expansion of gas-fired power generation at the Isaac Energy Hub, aligned with the Queensland Government’s roadmap targeting 3.6GW of new gas generation by 2035, as well as development of the proposed Bowen Gas Pipeline to Gladstone to connect reserves with domestic and export markets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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QPM Energy Announces Reserve Increase at Moranbah Gas Project to 1,016PJ
QPM Energy Limited (ASX: QPM) has confirmed an upgrade to reserves and resources at the Moranbah Gas Project following a revised assessment by independent adviser Netherland, Sewell & Associates.
The revised assessment confirms total reserves and resources of 1,016 petajoules, including 602.5 PJ of 2P reserves and 414.2 PJ of 2C contingent resources. All reserves are located within QPM’s wholly owned petroleum leases, which already hold the necessary environmental and regulatory approvals.
The upgraded resource base leaves more than 800PJ of uncontracted gas, providing substantial capacity to support future energy development initiatives. This includes potential expansion of gas-fired power generation at the Isaac Energy Hub, aligned with the Queensland Government’s roadmap targeting 3.6GW of new gas generation by 2035, as well as development of the proposed Bowen Gas Pipeline to Gladstone to connect reserves with domestic and export markets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au