Corporate Update - Disclosure Standards in the Petroleum Sector

    November 2011

    The Australian Securities Exchange (ASX) paper “Reserves and Resources Disclosure Rules for Mining and Oil & Gas Companies” highlighted the need to enhance disclosure standards for these increasingly significant sectors ­– to help improve access to capital markets.

    This Corporate Update focuses on seven key concerns about disclosure, specifically in relation to the oil and gas sectors, that were raised in the ASX paper. It also explains the options recommended by the ASX to remedy each specific issue.