Reef Resources Ltd. Announces Operational Update

- June 18th, 2010

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.

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