Brief: Petroshale announces financial, operating and reserves update

Lucero Energy

28/04/2017 14:00

April 28 (Reuters) - Petroshale Inc  PSH.V  
    * Petroshale announces financial, operating and reserves 
update and year ended December 31, 2016 results 
    * Petroshale's current production is approximately 2,800 BOE 
per day, an increase of 50 pct from Q4 average 
    * Year end 2016 P+P reserves increased to 31.5 million BOE, 
from 25.5 million BOE at December 31, 2015 
    * NPV10 of year end P+P reserves increased to $399.5 
million, a 29 pct increase over $308.7 million last year 
    * "Expect to see improved differentials between WTI and 
Bakken crude prices in 2017 due to commencement of operations of 
dakota access pipeline" 
 
Source text for Eikon:  ID:nMKW9mhw6a  
Further company coverage:  PSH.V  
 
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