COOPER BASIN NATURAL GAS RESERVES UPGRADED
Remaining recoverable gas reserves in
the areas held by the Santos Ltd <STOS.S>-led Cooper Basin
joint ventures have been upgraded to 2,721.7 billion cubic feet
(bcf) from the 2,466 estimated last May, Santos said.
    The upgrading followed a re-review by consultant <Coles
Nikiforuk Pennell Associates> in light of the large number of
gas finds since May 1986, Santos said in a statement.
    This means that total contractual commitments of 2,455.5
bcf to <The Australian Gas Light Co> of New South Wales and the
Pipeline Authority of South Australia can be met with spare gas
available for sale in South Australia, it said.
 REUTER
