AusGasCo's portfolio synopsis:

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• Four granted tenures (100% AusGasCo) in the Bowen and Surat Basins

• Primary exploration targets include three potential CSG plays with proven producing reservoirs

• Located on the flanks of existing CSG development and commercial production, neighbouring the three Queensland LNG exporters and adjacent to infrastructure with domestic and export transmission

• Contingent and prospective resource best estimate of 376PJ with upside potential to 761 PJ (evaluated by third party reserve estimator Netherland, Sewell & Associates, NSAI)

• Low-cost exploration programme to demonstrate concept and verify the potential for commercial gas rates