09:53 AM EST - Cenovus Energy Inc. : announced it increased oil production and maintained strong financial performance in 2010. Proved bitumen reserves at December 31, 2010 were 1.2 billion barrels (bbls), a 33% increase over 2009. Best estimate bitumen economic contingent resources at December 31, 2010 were 6.1 billion bbls, a 13% increase over 2009. Finding and development (F&D) costs for 2010 were $3.65 per barrel of oil equivalent (BOE), without future development costs. Cenovus Energy Inc.
shares T.CVE are trading down $0.42 at $36.17.
