Raging River Exploration (TSX: V.RRX, Stock Forum) late Monday announced a 215% jump in proven plus probable reserves to 17.2 mmboe (95% oil), while proven reserves increased 201% to 11.5 mmboe (95% oil), this according to a company news release.
The company added that it exited December 2012 with a production rate of 4,000 boepd. Raging River also said its 2013 production to date is exceeding expectations and it believes it will meet or exceed its average first quarter estimates of 4,300 boepd (95% oil).
Raging River Exploration is a junior oil and gas producer currently focused in the Kindersley area of Saskatchewan.