Canacol Net Royalties, Remaining Reserves, and Deemed Volumes
| Bbl in 000s |
Oil | Proved |
Probable | Proved + Probable |
Possible | Total Proved + Probable + Possible | |
|---|---|---|---|---|---|---|---|
| Llanos Basin, Colombia |
|||||||
| 1 | Rancho Hermoso NRI |
Light | 1,921 | 543 | 2,464 | 2,228 | 4,692 |
| 2 | Rancho Hermoso Deemed Volumes |
Light | 784 | 252 | 1,036 | 245 | 1,281 |
| 3 | Entrerrios | Light | 71 | 1 | 72 | 14 | 86 |
| Caguan-Putumayo Basin, Colombia |
|||||||
| 3 | Ombu (Capella) | Heavy | 2,521 | 2,889 | 5,410 | 2,896 | 8,306 |
| Total | 5,297 | 3,685 | 8,982 | 5,383 | 14,365 | ||
The evaluations, effective June 30, 2011, were conducted internally with the assistance of the Corporation’s independent reserve evaluator DeGolyer and MacNaughton (“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.