AGL Annual Reserves Assessment

AGL Energy Limited (AGL) today announced that its total proved plus probable (2P) gas reserves entitlement as at 30 June 2015 has decreased to 1,817 petajoules (PJ), a reduction of 74 PJ (3.9%) over the past 12 months. The revision is due to re-assessment of the Gloucester Gas Project and adjustments for gas produced from the Camden, Moranbah and Surat projects. This decrease is net of gas sales over the intervening period.

Further details are included in Appendices A and B.


About AGL

AGL is one of Australia’s leading integrated energy companies. It is taking action to responsibly reduce its greenhouse gas emissions while providing secure and affordable energy to its customers. Drawing on over 175 years of experience, AGL serves its customers throughout eastern Australia with meeting their energy requirements, including gas, electricity, solar PV and related products and services. 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, solar, landfill gas and biomass.