Traverse announced its year-end 2015 reserves following a relatively quiet year marked by an organic drilling effort surrounding its Coyote light oil property in east central Alberta. The Company achieved positive per share growth across each respective reserve category and, excluding the disposition of its royalty property in 2Q15, achieved lower F&D costs year-over-year based on our current estimates. We have updated our NAV methodology for the latest reserves pointing towards a valuation that ....
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2015 Year-end Reserves
- Published:
16 Mar 2016 -
Author:
Michael Hearn -
Pages:
7
Traverse announced its year-end 2015 reserves following a relatively quiet year marked by an organic drilling effort surrounding its Coyote light oil property in east central Alberta. The Company achieved positive per share growth across each respective reserve category and, excluding the disposition of its royalty property in 2Q15, achieved lower F&D costs year-over-year based on our current estimates. We have updated our NAV methodology for the latest reserves pointing towards a valuation that ....