Suroco Energy Reports Results of 2011 Reserves

- February 24th, 2012

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

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.

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