TGL Reports Solid Year-End Reserves

DAVID POPOWICH, Macquarie Research (02/15/2011)
"[TGL's] Proved Plus Probable Reserves increased 26% year over year to 30.4mmbbl, while Proved Plus Probable Plus Possible Reserves increased 37% to 41.9mmbbl. While year-end reserves were largely in line with expectations, we came away from management's conference call confident that there is still significant unbooked upside outside of booked reserves, particularly in the Lower Nukhul formation."

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