Oil and Gas

Reef Resources Ltd. (TSX VENTURE:REE)announced an operational update on its Ausable Ontario property.

Reef Resources Ltd. (TSX VENTURE:REE)announced an operational update on its Ausable Ontario property.

The news is quoted saying:

The Company’s Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, arbitrage and enhanced oil recovery. A key component of Reef’s Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company’s 23,500 acres of proprietary 3D seismic.

Click here to access the entire press release

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