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Bellatrix Exploration announces material reserves increases (up 103%)


Published Mar 7, 2014
Bellatrix Exploration Ltd.

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.

Tags: Bellatrix Exploration Ltd.




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