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Petrobank Energy and Resources Ltd. (TSX:PBG) reported 2011 reserves evaluation prepared by McDaniel and Associates Consultants Ltd.
Petrobank Energy and Resources Ltd. (TSX:PBG) reported 2011 reserves evaluation prepared by McDaniel and Associates Consultants Ltd.
As quoted in the press release:
- PetroBakken’s 2P reserves increased by 19% to 203.5 million barrels of oil equivalent (“MMboe”) at December 31, 2011, replacing 2011 production by 315%.
- PetroBakken’s Cardium business unit’s 2P reserves increased by 66% in 2011, replacing production by 800%.
- PetroBakken’s Bakken business unit’s 2P reserves increased by 7% in 2011, replacing production by 173%.
Click here to read the Petrobank Energy and Resources Ltd. (TSX:PBG) press release.
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