10:09 AM EST - Canacol Energy Ltd. : reported its reserves for the fiscal year ended June 30, 2012 for its assets located in Colombia and Ecuador. Total corporate proved reserves ("1P") plus deemed volumes ("DV") for the fiscal year ended June 30, 2012 increased 98% to 10.5 million barrels ("MMbbls") from 5.3 MMbbls for the fiscal year ended June 30, 2011, with a corresponding 1P reserve replacement of 121%. In the same period, 1P plus DV pre-tax NPV-10 increased 55% from $199.2 million U.S. to $308.4 million U.S. Total corporate proved plus probable reserves ("2P") plus DV increased to 16.1 MMbbls for the fiscal year ended June 30, 2012. In the same period, 2P plus DV pre-tax NPV-10 increased to $492.1 million U.S. The Corporation's 2P plus DV represents 94% oil and 6% gas liquids. Canacol Energy Ltd.
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