Pengrowth Energy Corporation says that GLJ Petroleum Consultants Ltd. (GLJ) has attributed 101.0 MMbbl of 1P reserves and 229.7 MMbbl of 2P reserves to the Lindbergh project. The additional proved reserves at Lindbergh represent an increase of 24 percent from December 31, 2013, while 2P reserves increased by 61 percent.

The GLJ Lindbergh report has an effective date of May 31, 2014 and results in 19.6 million barrels (MMbbl) of probable reserves being reclassified to the proved (1P) category and an increase of 87.4 MMbbl in proved plus probable (2P) reserves, offset by 236,200 bbl of production in 2014 to May 31, 2014.

Tags: Pengrowth Energy Corporation