Online Energy Updates on 2011 Year End Reserves

Online Energy Inc. (TSXV:ONL) updated on its 2011 year end reserves.

As quoted in the press release:

2011 Year End Reserve Highlights

• Total Company Proved plus Probable (“P+P”) reserves of 1,444 Mboe (44% crude oil and natural gas liquids);

• 87% of P+P reserves are categorized as P+P producing; and

• Reserve net present value before tax 10% of P+P reserves of $13.6 million.

Click here to read the Online Energy Inc. (TSXV:ONL) press release.