Online Energy Updates on 2011 Year End Reserves

- February 3rd, 2012

Online Energy Inc. (TSXV:ONL) updated on its 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.

Leave a Reply