Current RZE:CA Stock Info

Razor Energy Corp. (ticker: RZE) released a new reserves report today.

Total reserve values, on a proved developed producing basis discounted at 10% before tax, were $178.3 million, which represents an increase of 112% over year-end 2016. Total PDP reserve volumes were 11,910 MBOE (90% oil and liquids), which represents an increase of 55% over year-end 2016.

Total proved (1P) reserves were 15,072 MBOE and total proved plus probable (2P) reserves were 20,326 MBOE, which represent increases of 49% and 62%, respectively, over year-end 2016.

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