Hyperion Exploration Corp. 2011 Year End Update

- March 26th, 2012

In 2011, Hyperion Exploration Corp. (TSXV:HYX) had significant growth in year end reserves, highlighting an increased Total Proved (“TP”) plus Probable Reserves (“P+P”) by 239% to 5,521.3 Mboe, and am increased P+P, BT NPV10% value per share basic by 54% to $1.40.

In 2011, Hyperion Exploration Corp. (TSXV:HYX) had significant growth in year end reserves, highlighting an increased Total Proved (“TP”) plus Probable Reserves (“P+P”) by 239% to 5,521.3 Mboe, and am increased P+P, BT NPV10% value per share basic by 54% to $1.40.

As quoted in the press release:

2011 Year End Reserve Highlights:
• Increased Total Proved (“TP”) plus Probable Reserves (“P+P”) by 239% to 5,521.3 Mboe;
• Increased P+P Reserves per basic share by 95%;
• Increased P+P Oil and NGL reserves weighting to 56.6%, 3,123.9 Mbbl;
• Increased P+P, Before Tax Net Present Value, discounted at 10% (“BT NPV10%”) by 169% to $ 76.1 million;
• Increased P+P, BT NPV10% value per share basic by 54% to $1.40;
• Achieved P+P finding and development cost (“F&D”) of $21.50/boe, including changes in future development capital. This compares to $23.77 for the financial year ended 2010, for a two year average of $22.64(6)(7);
• Achieved P+P finding, development and acquisition cost (“FD&A”) of $22.23/boe, including changes in future development capital. This compares to $24.90 for the financial year ended 2010, for a two year average of $23.57(6)(7);
• Achieved a P+P Recycle Ratio of 1.69 based on; F&D of $21.50/boe and a Q4, 2011 field netback of $36.42/boe (estimated/unaudited);
• Increased Reserve Life Index (RLI) to 6.7 years (TP) and 11.4 years (P+P) compared to 3.3 years (TP) and 4.2 years (P+P) in 2010;
• Based on Q1, 2012 field activity, approximately 78% of Hyperion’s Year End 2011, P+P Reserves will be producing by June 2012;
• Reserve additions in 2011, replaced 1,149% of production; and
• 100% of reserves evaluated by McDaniel per NI 51-101 standards.

Click here to read the Hyperion Exploration Corp. (TSXV:HYX) press releaseSee this press release on Marketwire
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