Diaz Resources Records 18 Percent Drop in Reserves in 2012

Diaz Resources Ltd. (TSXV:DZR) announced a summary of reserves as of December 31, 2012.

As quoted in the market report:

The Company recorded a year-over-year 18% decrease in proved plus probable reserves to 1,005 MBOE at December 31, 2012. The estimated net present value of future net revenue attributable to the Company’s reserves, before tax, using a 10% discount rate, decreased by 24% to $12.2 million (88% oil), compared with $15.9 million at December 31, 2011.

To view the whole press release, click here.

Get the Latest Gas Investing Stock Information

Get the latest information about companies associated with Gas Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply