RedWater Energy’s 2011 Q4 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.