Suroco Energy Reports Results of 2011 Reserves

Suroco Energy Inc. (TSXV:SRN) reported results of its 2011 independent reserves conducted by GLJ Petroleum Consultants.

As quoted in the press release:

2011 YEAR-END RESERVE HIGHLIGHTS

• Total proved reserves of approximately 0.9 million barrels of oil (net after royalty), with a net present value (before tax and discounted at 10%) of approximately US$43.2 million.

• Total proved plus probable reserves of approximately 1.8 million barrels of oil (net after royalty), with a net present value (before tax and discounted at 10%) of approximately US$72.5 million.

Click here to read the Suroco Energy Inc. (TSXV:SRN) press release.