Canacol Before Royalties, Remaining Reserves, and Deemed Volumes
|boe in mm
||Probable||Proved + Probable|
Information sourced from two reserve reports:
1. DeGolyer and MacNaughton ("D&M") effective June 30, 2013 and December 31, 2013
The evaluations were conducted internally with the assistance of the Corporation’s independent reserve evaluator D&M and are in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. The reserves are provided on a net after royalty basis in units of barrels of oil (bbl) using a forecast price deck in US dollars.