Artek Exploration: Results of 2011 Independent Reserve Evaluation

Artek Exploration Ltd. (TSX:RTK) reported the results of its 2011 independent reserve evaluation by Sproule Associates Limited.

As quoted in the press release:

2011 HIGHLIGHTS

• Increased Proved plus Probable reserves at December 31, 2011 by 23% to 22.9 million boe from 18.6 million boe at December 31, 2010 and Proved reserves at December 31, 2011 increased by 37% to 12.9 million boe from 9.4 million boe at December 31, 2010.

• Increased Proved plus Probable Oil and NGLs reserves by 47% to 5.0 million boe at December 31, 2011 from 3.4 million at December 31, 2010.

Click here to read the Artek Exploration Ltd. (TSX:RTK) press release.