Twoco Petroleums Ltd. (TSXV:TWO) announced updated information about its heavy oil reserves.
As quoted in the press release:
Highlights of the Evaluation include:
- Total Proved Heavy Oil Reserves of 1,029,800 boe (941,900 barrels heavy oil; 527 mmcf solution gas) – this represents a 496% increase from the December 31, 2010 corporate reserve evaluation of the Company’s Sparky heavy oil property in the Warspite area of Alberta.
