Resource News

RedWater Energy Corp. (TSXV:RED) announced its 2011 fourth quarter financial and operating results.

RedWater Energy Corp. (TSXV:RED) announced its 2011 fourth quarter financial and operating results.

As quoted in the press release:

Proved Reserves

  • Increased 757% to 630,000 boe
  • Net present value discounted at 10% before tax of $13.9 million, increased 707%
  • Net asset value of $0.43 per share based on net present value discounted at 10%1

Click here to read the RedWater Energy Corp. (TSXV:RED) press release.

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