10:40 AM EST - Cona Resources Ltd. : Announced its 2017 year-end reserves information. Before deducting annual production, PDP reserves increased by 7.1 million boe or 14%, 1P reserves increased by 13.6 million boe or 18% and 2P reserves increased by 8.0 million boe or 6%. After deducting annual production, PDP reserves increased by 0.8 million boe or 2%, 1P reserves increased by 7.3 million boe or 10% and 2P reserves increased by 1.7 million boe or 1%. Positive heavy oil technical revisions of 7.1 million bbl on 1P reserves and 2.5 million bbl on 2P reserves, largely attributed to the Cactus Lake property, are further recognition of Cona's successful polymer flood. Cona Resources Ltd.
shares T.CONA are trading unchanged at $1.96.
