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DEI

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Share Name Share Symbol Market Type
TSXV:DEI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Donnybrook Announces Reserves

06/04/2012 3:00am

Marketwired Canada


Donnybrook Energy Inc. (TSX VENTURE:DEI) ("Donnybrook" or the "Company") reports
the results of its December 31, 2011 Reserves Assessment and Evaluation of
certain of its Alberta oil and gas properties, as evaluated by GLJ Petroleum
Consultants ("GLJ") in accordance with National Instrument 51-101 - Standards of
Disclosure for Oil and Gas Activities ("NI 51-101").


A summary of the Company's reserves volumes according to reserve category as at
December 31, 2011 is as provided in the following table. Unless otherwise
stated, the reserves information included in this release is stated on a
"company interest" basis, which represents Donnybrook's working interest
(operated and non-operated) share of remaining reserves before deduction of
royalties and including any royalty interests. Numbers presented in table may
not add exactly due to rounding.




                              Light and             Natural Gas   Total Oil
                             Medium Oil Natural Gas     Liquids  Equivalent
Reserves Category                 (Mbbl)      (MMcf)      (Mbbl)      (Mbbl)
---------------------------------------------------------------------------
Proved                                                                     
  Producing                          34         506           5         123
  Non-Producing                       4         992          33         202
  Undeveloped                       107       6,448         105       1,287
Total Proved                        145       7,946         142       1,611
Probable                            142       8,760         155       1,756
Total Proved plus Probable          287      16,706         297       3,368



A summary of the Company's estimated future net revenues associated with
Donnybrook's reserves as at December 31, 2011 based on the GLJ December 31, 2011
price forecast is provided in the following table. It should not be assumed that
the net present values estimated by GLJ represent the fair market value of the
reserves. Numbers presented in table may not add exactly due to rounding.


Before Income Taxes Discounted at (%/year)



                                     0%       5%      10%      15%      20%
Reserves Category                   (M$)     (M$)     (M$)     (M$)     (M$)
---------------------------------------------------------------------------
Proved                                                                     
  Producing                       4,934    4,223    3,696    3,293    2,975
  Non-Producing                   5,597    4,356    3,568    3,032    2,648
  Undeveloped                    25,344   13,769    7,539    3,807    1,380
Total Proved                     35,875   22,348   14,803   10,132    7,002
Probable                         51,557   29,832   19,792   14,300   10,906
Total Proved plus Probable       87,432   52,180   34,595   24,432   17,908



Relevant portions of the GLJ December 31, 2011 price forecast used in the
Company's evaluation are as follows:




                                                Pentanes                   
             Natural Gas      Light Crude Oil       Plus  
         ------------------ ------------------- --------                   
                   AECO Gas                                        Exchange
         Henry Hub    Price            Edmonton Edmonton Inflation     Rate
             ($U.S./  ($CDN/      WTI     ($CDN/   ($CDN/    Rates     ($US/
Year         MMBtu)   MMBtu) ($US/bbl)      bbl)     bbl)  (%/year)    $CDN)
---------------------------------------------------------------------------
Forecast                                                                   
--------                                                                   
2012          3.80     3.49     97.00     97.96   107.76       2.0    0.980
2013          4.41     4.13    100.00    101.02   108.09       2.0    0.980
2014          4.81     4.59    100.00    101.02   105.06       2.0    0.980
2015          5.18     5.05    100.00    101.02   105.06       2.0    0.980
2016          5.54     5.51    100.00    101.02   105.06       2.0    0.980
2017          5.89     5.97    100.00    101.02   105.06       2.0    0.980
2018          6.00     6.21    101.35    102.40   106.49       2.0    0.980
2019          6.00     6.33    103.38    104.47   108.65       2.0    0.980
2020          6.00     6.46    105.45    106.58   110.84       2.0    0.980
2021          6.00     6.58    107.56    108.73   113.08       2.0    0.980



Further information relating to Donnybrook is also available on its website at
www.donnybrookenergy.ca.


ON BEHALF OF THE BOARD OF DONNYBROOK ENERGY INC.

Malcolm F. W. Todd, Chief Executive Officer

FORWARD-LOOKING STATEMENTS

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
regarding the Company's future net revenues. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of which are
beyond Donnybrook's control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, operational
risks in exploration and development, competition from other industry
participants, the lack of availability of qualified personnel or management,
stock market volatility and the ability to access sufficient capital from
internal and external sources. Although Donnybrook believes that the
expectations in our forward-looking statements are reasonable, our
forward-looking statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions
are based upon currently available information. Such statements are subject to
known and unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward looking information. As
such, readers are cautioned not to place undue reliance on the forward looking
information, as no assurance can be provided as to future results, levels of
activity or achievements. The risks, uncertainties, material assumptions and
other factors that could affect actual results are discussed in our Annual
Information Form and other documents available at www.sedar.com. Furthermore,
the forward-looking statements contained in this document are made as of the
date of this document and, except as required by applicable law, Donnybrook does
not undertake any obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise. The forward-looking statements contained in this document
are expressly qualified by this cautionary statement. This news release shall
not constitute an offer to sell or the solicitation of any offer to buy
securities in any jurisdiction.


Where amounts are expressed on a barrel of oil equivalent ("BOE") basis, natural
gas volumes have been converted to oil equivalence at six thousand cubic feet
per barrel. The term BOE may be misleading, particularly if used in isolation. A
BOE conversion ratio of six thousand cubic feet per barrel is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. References to oil in this
discussion include crude oil and natural gas liquids ("NGLs"). NGLs include
condensate, propane, butane and ethane. References to gas in this discussion
include natural gas.


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