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Daybreak Oil and Gas announces 268% increase in proved oil reserves


Published Apr 24, 2014
Daybreak Oil and Gas, Inc.

Daybreak Oil and Gas, Inc. is pleased to announce that its fully-engineered proved oil reserves significantly increased by 268% to 750,047 Barrels of Oil Equivalent (BOE) for the fiscal year ended February 28, 2014. The Company's proved reserves at February 28, 2013 were 279,300 BOE.

James F. Westmoreland, President and Chief Executive Officer, commented, "We are extremely pleased with our fiscal year-end reserve results. The East Slopes property in Kern County, California continues to exceed our expectations with the growth of reserves and production from our development program. In the upcoming year in California, we plan to continue to develop the existing reserve base and explore our acreage for new reserves."

Tags: Daybreak Oil and Gas




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