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Sonde Resources Corp. (TSX:SOQ, NYSE:SOQ, AMEX:SOQ) announced findings from its initial 2012 year-end reserves report, including a summary of proved plus probable reserves.
Sonde Resources Corp. (TSX:SOQ, NYSE:SOQ, AMEX:SOQ) announced findings from its initial 2012 year-end reserves report, including a summary of proved plus probable reserves.
As quoted in the press release:
The Company’s 2012 2P natural gas reserves declined 17%, from 41,518 MMcf of working interest gas at year-end 2011 to 35,553 MMcf of gas at year-end 2012. This decrease is attributable to a combination of lower forecast natural gas prices and other economic factors, plus a decreased emphasis in 2012 on gas-oriented projects.
To view the full press release, click here.