PetroBakken Energy Ltd. (TSX:PBN) announced the company’s 2012 reserves and operational report.
PetroBakken Energy Ltd. (TSX:PBN) announced the company’s 2012 reserves and operational report.
As quoted in the press release:
HIGHLIGHTS
- Proved plus probable (“2P”) reserves (before dispositions) grew by 10% to 206.8 million barrels of oil equivalent (“MMboe”) at December 31, 2012.
- The 2012 capital program replaced 229% of 2012 production through the addition of 35.8 MMboe of 2P reserves and achieved a recycle ratio of 1.8 times, based on our 2012 operating netback of $47.89.
- The light oil and liquids weighting of our reserves is 82%.
- In 2012, PetroBakken delivered finding, development and net acquisition (“FD&A”) costs, including changes in future development capital (“FDC”), of $11.45/boe for total proved reserves and $11.91/boe for 2P reserves.
Click here to read the full PetroBakken Energy Ltd. (TSX:PBN) press release.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1738.69 | +0.06 | |
| Silver | 19.31 | +0.17 | |
| Copper | 3.49 | +0.06 | |
| Palladium | 2043.19 | +22.19 | |
| Platinum | 893.59 | +5.58 | |
| Oil | 98.50 | +1.24 | |
| Heating Oil | 3.65 | +0.01 | |
| Natural Gas | 8.60 | +0.05 | |