Twoco Petroleums Ltd. (TSXV:TWO) reported its 2011 financial and operating results.

As quoted in the press release:

Total Proved plus Probable heavy oil reserves of 3,442,700 barrels representing a 718% increase from the December 31, 2010 corporate reserve evaluation of the Company’s Sparky heavy oil property in the Warspite area of Alberta;

Click here to read the Twoco Petroleums Ltd. (TSXV:TWO) press release.