" Battrum Reserves
A current independent engineering report is available for the Battrum property. GLJ Petroleum Consultants Ltd. (“GLJ”) prepared a report on the property effective June 30, 2010 using GLJ’s July 1, 2010 forecast pricing (the “GLJ Reports”) as part of an annual mid-year update of Connacher’s year-end report.
The total proved plus probable reserves from the Battrum property is estimated to be approximately 2.3 million barrels of oil, with an estimated net present value of approximately $43.1 million using GLJ forecast pricing at a 10% discount.
Marten Creek Package Reserves – TOTAL PACKAGE
A current independent engineering report is available for three of the sub-properties that make up the Marten Creek property. GLJ Petroleum Consultants Ltd. (“GLJ”) prepared reports on the Parker, Marten Hills/Pelican and Marten Creek properties effective June 30, 2010 using GLJ’s July 1, 2010 forecast pricing (the “GLJ Reports”) as part of an annual mid-year update of Connacher’s year-end report.
Details relating to the sub-properties at Marten Creek can be found with the detailed information relating to each sub-property.
The total proved plus probable reserves from the Marten Creek property is estimated to be approximately 33.3 Bcf of natural gas and 94,000 barrels of natural gas liquids, for a total of 5.6 million barrels of oil equivalent, with an estimated net present value of approximately $67.6 million using GLJ forecast pricing at a 10% discount. "
http://www.sayeradvisors.com/offerings/offering_details.asp?offeringid=236&offeringSectionID=893
Cheers; Scott