Scandoil  

Breitling Energy Corporation announces updated reserve data


Published Apr 24, 2014
[an error occurred while processing this directive]

Edit page New page Hide edit links

Breitling Energy Corporation

Breitling Energy Corporation announced that due to the partial execution of Breitling's business plan its estimated proved, probable and possible oil and gas assets have increased to a net present value of approximately $128 million, using a 10% discount rate, oil priced at $98.68 per barrel and gas priced as $4.03 per MMBtu.

This increase is partially due to Breitling's recent acquisition and development of our Permian basin farmout acreage.

Chris Faulkner, Breitling’s Chief Executive Officer, stated, “The updated reserve data indicates that its strategy and business plan are starting to take shape.” Faulkner added, “We will continue to aggressively develop this asset to maximize stockholder value.”

Tags: Breitling Energy Corporation




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml