RE: news looking goodI know I am being picky but it is the accountant in me or maybe it is all just semantics but to me the headline, "Canacol Energy Ltd Announces 159% Increase in Reserves for Fiscal Year Ending June 30th, 2010" is misleading. Reserves increased from 4.334 M barrels to 6.875. This is an increase of 2.541 M barrels or 59% of 4.334 M barrels. A 159% increase from 4.334 M would be (4.334 * 159% = 6.891) + 4.334 = 11.225 M barrels. A more accurate headline would have been "Canacol Energy Ltd Announces Reserves for Fiscal Year Ending June 30th, 2010 are 159% of Fiscal Year 2009 Reserves" or "Canacol Energy Ltd Announces 59% Increase in Reserves for Fiscal Year Ending June 30th, 2010."
Still good news though!
Carackiedog