AGL announces 9.4% increase in 2P gas reserves over 12 months to June 2014
AGL Energy Limited (AGL) today announced that it has increased its total proved plus probable (2P) gas reserves entitlement as at 30 June 2014 to 1,891 petajoules (PJ), an increase of 162 PJ (9.4%) over the past 12 months. This increase is net of gas sales over the intervening period.
Further details are included in Appendices A and B attached.
AGL is one of Australia's leading integrated energy companies and largest ASX listed owner, operator and developer of renewable energy generation in the country. Drawing on over 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is taking action toward creating a sustainable energy future for our investors, communities and customers.