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Tuscany Energy Reports Summary of its 2011 Reserve Estimates
Mar. 22, 2012 04:21PM PST
Resource Investing News Tuscany Energy Ltd. (TSXV:TUS) reported a summary of its 2011 reserve estimates.
Tuscany Energy Ltd. (TSXV:TUS) reported a summary of its 2011 reserve estimates.
As quoted in the press release:
2011 Reserves
- The Company recorded a 49% increase in proved plus probable reserves to 1,714 MBOE at December 31, 2011. The net present value of the Company’s reserves, before tax, using a 10% discount rate, increased by 62% to $37.0 million (97% oil), compared with $22.9 million at December 31, 2010.
Click here to read the Tuscany Energy Ltd. (TSXV:TUS) press release.
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