Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/donnycreek-reports-proved-plus-probable-reserves-o.shtmlDonnycreek reports proved plus probable reserves of 10.45 million boe at Kakwa
Donnycreek Energy Inc. reports the results of its interim independent reserve evaluation of the Middle Montney reservoir on the Company's Kakwa,
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Donnycreek Energy Inc. reports the results of its interim independent reserve evaluation of the Middle Montney reservoir on the Company's Kakwa, Alberta property at March 31, 2013 conducted in accordance with the COGE Handbook by McDaniel and Associates Consultants Ltd. (McDaniel). The Company also provides an operational update on its Montney properties in the Alberta Deep Basin.
Interim Reserve Evaluation Update
The report outlines the volume of natural gas and natural gas liquids and the forecasted Net Present Value (NPV) of the non-conventional Middle Montney reservoir on 6 of its 19 prospective gross sections in the Kakwa block based on 3 gross (1.25 net) producing natural gas wells and using McDaniel's April 1, 2013 forecast pricing and cost assumptions.
