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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.