Reliable is pleased to report its financial and operational results for the year ended December 31, 2011. In addition, the Company announced today that it has filed, under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities for the year ended December 31, 2011, its Form 51-101F1 - Statement of Reserves Data and Other Oil [...]
Reliable Energy is pleased to announce that it has entered into an arrangement agreement whereby Crescent Point Energy will acquire all of the issued and outstanding common shares of Reliable not already held by Crescent Point in a transaction valued at approximately $99.1 million, including net debt of $20 million at March 14. Under the terms of [...]
Reliable Energy provides the following operations update. Reliable is pleased to report that net oil production is currently 1,100 bopd, an increase of almost 31% from the third quarter exit rate, while average quarterly production to date in the fourth quarter is 988 bopd, compared with 679 bopd in the third quarter, an increase of 46%.
Reliable Energy is pleased to report its financial and operational results for the three and nine months ended September 30, 2011.During the three months ended September 30, 2011, Reliable Energy Ltd. made significant progress in the execution of its 2011 business plan aimed at increasing production and proving additional high quality, long-life [...]
Manitoba - Since commencement of operations in July 2011 following spring break-up, Reliable has drilled a total of nine of the ten horizontal wells planned for the second half of 2011, with the tenth well currently drilling ahead. As of the date of this release, Reliable has completed and placed on production six (4.5 net) horizontal wells with [...]