Diaz Resources’ Reserve Evaluation Report and Macklin Update
Investing News Network - April 13th, 2012
Diaz Resources Ltd. (TSXV:DZR) reported its reserve evaluation and production activity update on the Macklin at Saskatchewan.
Diaz Resources Ltd. (TSXV:DZR) reported its reserve evaluation and production activity update on the Macklin at Saskatchewan.
As quoted in the press release:
The Company recorded a 63% decrease in proved plus probable reserves to 1,221 MBOE at December 31, 2011. The net present value of the Company’s reserves, before tax, using a 10% discount rate, decreased by 58% to $15.9 million (90% oil), compared with $37.97 million at December 31, 2010.
Click here to read the Diaz Resources Ltd. (TSXV:DZR) press release. 