Sorry. This is old  news. There is no increase in reserves as the news title suggests.

From the News:

There was no material change in total estimated reserve volumes compared to those estimated at mid-year 2007; however, there is, for example, a 43 percent increase in the 10% present value assigned to Connacher's 2P reserves at December 31, 2007, compared to the mid-year estimates for this category. The increase reflects a higher price forecast at year end 2007 and the expenditure of capital to complete Pod One facilities and wells prior to year end 2007.