RESERVES Growth Continues in 2015 versus 2014I quote from the excellent today's news:
At year end 2014, the Company had reported proven non-producing reserves at Milo of 1Bcf (net), which the Company now believes, based on the success of the winter program, has the potential to increase the Company's reserves in 2015 to 5 Bcf (net) based on the Company's internal calculations. In addition, the Company is also pleased to announce the receipt of the confirmation of the filing of all documents and discontinuances associated with the previously announced acquisitions, divestitures and settlement on April 30th, 2015.
These 2 acquisitions and one divestiture will be accounted for in the 2nd Quarter of 2015, a net addition of more than 220,000 barrels of oil reserves, with an estimated value of $4.5 million on a total proved basis (TP NPV10%). Quattro plans are a re-activation and re-entry program in Southwest Saskatchewan to be completed in the 3rd Quarter of 2015, on these assets in combination with additional shut-in production Quattro has in the region.
The link for this excellent news:
https://www.stockhouse.com/news/press-releases/2015/06/15/quattro-commences-trading-and-provides-corporate-update-confirming-an