Cequence Energy Ltd. announce its 2013 year end reserves and an update of its preliminary drilling results at its Ansell property.
Cequence's 2013 year end reserves reflect a continued successful delineation of its Simonette property in the Deep Basin of Alberta. The growth in reserves further substantiates management's views that the Company's assets contain significant resource potential. The following highlights are based on the reserve report dated February 20, 2014 and effective December 31, 2013 (the "GLJ Report") prepared by GLJ Petroleum Consultants ("GLJ"):
◾ Increased proved reserves by 19% from the prior year to 55 MMBOE;
◾ Increased proved plus probable reserves by 24% from the prior year to 113 MMBOE;
◾ Increased total proved plus probable reserves at Simonette by 28% from the prior year to 98 MMBOE;