Exploration & Production | Operational Updates
Birchcliff Sees 131% Reserve Increase; Production Rise
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Birchcliff Energy Ltd. has reported its 2012 audited financial statements and provide an operational update.
Certain information contained in this press release is repeated from our February 13, 2013 press release, which included our 2012 fourth quarter results, 2012 operational results and highlights from the 2012 independent reserves evaluation and 2012 independent Montney/Doig natural gas resource assessment.
Jeff Tonken, President and CEO of Birchcliff commented, "From 2009 to 2012, Birchcliff's proved developed producing reserves per common share is up 131%; proved reserves per common share is up 81%; proved plus probable reserves per common share is up 77%; production per common share is up 75%; and funds flow per common share is up 54%, all despite a 40% decline in AECO natural…
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