from paretoQuesterre has released its year-end 2014 reserves report, showing that 2P reserves has increased 55% to 11.9 mill boe in Montney. Total 2P reserves at 13.9 mill boe, up 53% from 9.0 mill boe last year} In addition to the 2P reserves, Questerre has 14.3 mill boe of contingent resources in the joint venture acreage in Montney } The reserves report assessed the company’s acreage in the 17 non-operated sections block and the 7 sections operated block in Montney, which represent approximately 20% of the company’s acreage in the area} Growing reserves in Montney supports the company’s CAD 50m credit facility, which Questerre earlier has commented that may be increased when it proves up more reserves} The reserves editors values the 2P reserves at CAD 215 after tax, equivalent to NOK 4.9/share. In addition to this, contingent resources is valued at CAD 143m, equivalent to NOK 3/share