Devlan gets reserves lift - March 21, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryMarch 2004

Vol. 9, No. 12

Week of March 21, 2004

Devlan gets reserves lift

Gary Park

Petroleum News Calgary correspondent

Canadian junior E&P company Devlan Exploration, whose operations extend to the Northwest Territories, said an independent evaluation has boosted its proven developed reserves by 15.5 percent and its proven plus probable by 14.7 percent.

It said the estimates by Sproule Associates are in accordance with Canada’s tougher new reporting rules. Devlan said its current production of 2,500 barrels of oil equivalent per day, 60 percent natural gas, should reach 2,700 boe/d by the end of March.

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