Pace Oil & Gas Ltd. (TSE:PCE) reports company’s 2010 year end reserves.
Pace Oil & Gas Ltd. (TSX:PCE) reports company’s 2010 year end reserves.
The press release is quoted as saying:
Pace grew its proved plus probable reserves (“P+P”) to more than 67 million barrels of oil equivalent weighted 49% to oil and natural gas liquids (32,554 mboe). The Company added reserves at a strong finding and development (“F&D”) cost of $12.00/boe for proved (including changes in Future Development Costs – “FDC”) and $17.20/boe for P+P (including changes in FDC).