Rockefeller Hughes Corporation has received a preliminary report outlining updates to its reserves data. The report, as of July 31, 2014, is prepared by Netherland, Sewell & Associates, Inc. the Company's independent qualified reserves evaluator and is fully National Instrument 51-101 compliant.
The data in this preliminary report is to be confirmed, with possible slight adjustments, during the first week of August 2014, and will be finalized as the Company's annual reserves data report. The report shows a substantial increase in every category of reserves. Total Proved reserves have increased by 837% in volume and 440% in dollar value (NPV 10%).