Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/bellatrix-exploration-announces-material-reserves-.shtmlBellatrix Exploration announces material reserves increases (up 103%)
Bellatrix Exploration Ltd. announces the results of an independent reserve evaluation effective December 31, 2013.
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Bellatrix Exploration Ltd. announces the results of an independent reserve evaluation effective December 31, 2013. The report was completed by Sproule Associates Limited (Sproule). The evaluation encompasses 100% of Bellatrix's oil and gas properties and was prepared in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).
Bellatrix benefitted from the largest capital program since conversion to a growth-oriented exploration and production company as it grew 103% to a total of 212 million boe proved and probable (2P) reserves with a 10% NPVBT of $2.1 billion in 2013.
