Stream Announces 2012 Reserve Report; Dropped 6.5% Monday
Stream Oil & Gas Ltd. (SKO.V), which fell 6.5% Monday, announced the results of its November 30, 2012, independent reserves evaluation. Stream increased its proved plus probable reserves value, offsetting lower price forecast based on future sales and overcoming funding constraints. Stream focused its 2012 activities on advancing oil well workovers with new artificial lift systems, debottlenecking surface production facilities, and preparing to drill the horizontal well in the Delvina gas/condensate field.
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