Petro-Reef Reports its 2011 Results

Petro-Reef Resources Ltd. (TSXV:PER) reported its 2011 financial and operating results and reserve report.

As quoted in the press release:

For the twelve month period ended December 31, 2011, Petro-Reef generated cash flow from operations of $3,150,536 ($0.05 per basic share), a decrease of 29% compared to $4,447,326 ($0.11 per basic share) for the twelve month period ended December 31, 2010. Lower natural gas prices and production volumes were major factors in the cash flow decrease.

Click here to read the Petro-Reef Resources Ltd. (TSXV:PER) press release.