An independent consultant has found that Texon Petroleum's (ASX: TXN) proved reserves remaining as at 30 June 2009 are estimated at 1.1 million barrels of oil equivalent (mmboe).
This is an increase of almost 60% on the reserves of the Company at December 2008. This is slightly in excess of the information reported on June 19.
In addition, probable reserves (less certain than proved reserves) as at 30 June 2009 are estimated at 0.5mmboe also slightly higher than the information provided in the 19 June 2009 release.
The information was prepared by Delilah B Hainey of Hainey & Hainey, a reservoir consultant who is qualified in accordance with ASX Listing Rule 5.11 and who has consented to the reserves contained in the report beingwww.proactiveinvestors.com.au
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