Exillon Energy report that total proved (1P) recoverable reserves increased by 12% to 125 million barrels and total proved plus probable (2P) reserves increased by 11% to 265 million barrels.

Total proved plus probable plus possible (3P) reserves decreased by 9% to 400 million barrels.

In addition, total prospective and contingent resources increased 71% on an unrisked basis and 117% on a risked basis, from 39 to 68 million barrels and 18 to 40 million barrels respectively.

Exillon WS: The estimate of the total 1P oil reserves within the Exillon WS license area has increased 24% from 52 million barrels to 65 million barrels, the estimate of 2P has increased 6% from 139 million barrels to 160 million barrels, and the estimate of the 3P has decreased 12% from 302 million barrels to 267 million barrels.

Exillon TP: The estimate of the 1P oil reserves within the Exillon TP license areas has increased 1% from 59.6 million barrels to 60.2 million barrels, the estimate of 2P oil reserves has increased 6% from 99 million barrels to 105 million barrels, and the estimate of 3P has decreased 3% from 137 million barrels to 132 million barrels.

The updated reserves report for Exillon Energy was recently completed by Miller & Lents and the effective date is 1 November 2011.

Tags: Exillon Energy