OPERATIONS

Reserves and Resources

The tables below summarise the resulting recoverable gas hydrocarbons within Denison’s area of 100% ownership as at 30 September 2025

Independently assessed by Netherland Sewell & Associates (NSAI).

Conventional Gas Reserves

   Proved (1P)  Proved + Probable (2P)  Proved + Probable + Possible (3P) 
Gas (PJ)  52.7  86.0  110.5 
Oil (MBBL)  26.1  47.5  60.2 

Contingent Gas Resources – Net Denison Interest*

   Low Estimate (1C)  Best Estimate (2C)  High Estimate (3C) 
Tight Gas (BCF)  43.4  64.7  109.4 
Tight Gas (PJ)  45  67  113.3 
Coal Seam Gas (BCF)  290.6  888.5  1,220.30 
Coal Seam Gas (PJ)  297.7  910.7  1,250.70 

*Denison owns a 50 percent interest in PLs 43 and 44 and a 100 percent interest in ATP 2060 for these tight gas properties

Prospective Resources – Net Denison Interest*

   Low Estimate (1U)  Best Estimate (2U)  High Estimate (3U) 
Tight Gas (BCF)  246.5  482.2  946.5 
Tight Gas (PJ)  255.3  499.5  980.4 

*Denison owns a 50 percent interest in PLs 43 and 44 and a 100 percent interest in ATP 2060 for these tight gas properties

Definition:

  • Proved reserves are those quantities of oil and gas which, by analysis of engineering and geoscience data, can be estimated with reasonable certainty to be commercially recoverable; probable and possible reserves are those additional reserves which are sequentially less certain to be recovered than proved reserves.
  • Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by the application of development project(s) not currently considered to be commercial owing to one or more contingencies.
  • Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects.