REE Reef Res Oil + Gas mit neuem Geld - 500 Beiträge pro Seite

[SteirerMan]

....wird das neue Geld ein bißchen schwung in die entwicklung bringen



Reef Resources Ltd. Announces Investment by AIM Listed Solo Oil Plc.
4/28/2010 4:15:08 PM - NFD

CALGARY, ALBERTA, Apr 28, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") is pleased to announce that Solo Oil plc, an AIM listed international oil and gas exploration and development company, has agreed on terms for an investment in Reef by way of a participating loan agreement. Reef is a TSX Venture Exchange listed oil and gas exploration, development and production company.

Solo Oil Plc is a petroleum resources exploration and development company, with objectives to acquire and develop a diverse portfolio of direct and indirect interests in exploration, development and production oil and gas assets which are based in the Americas, Europe and Africa. More information on Solo can be found at www.solooil.co.uk.

Under the terms of the investment, Solo will provide a loan finance facility of $1,650,000 CDN in Reef. The financing will be issued in two stages, with the first stage of $750,000 CDN issued immediately and the balance on the re-commencement of production which is expected within 60 days of the first stage funding. A Solo representative shall act as an advisor to the board of Reef providing commercial and operational advice.

The facility shall not accrue interest and be repaid through allocation to Solo of 60% of net Reef revenues post tax generated from its Ontario property, equivalent to 48% of all oil gross revenues and 54% of gas revenues for all incremental production from the funded development stages. Thereafter upon loan repayment, Solo shall continue to receive 50% of the net operating income from the funded development stages with an exclusive first right option to increase its participation in both the Ontario asset and Reef shareholding structure.

Security for the facility shall be the equivalent N151-101 reported proved and probable reserves at current market valuation. The funds will be used to restart and expand production on Reef's Ontario property through the purchase of equipment, various well completions, workovers, gas recycle stimulation, two new wells and subsequent tie-in to company owned facilities.

Reef is an incorporated oil and gas exploration and production company with existing assets in Ontario and ongoing negotiations and options for the acquisition of other assets in Canada. Reef's primary asset in Ontario has estimated proved and probable reserves of 35,533 boe and 159,370 boe respectively as assessed by a qualified reserve evaluator as of July 31, 2009. The Ontario asset is current production shut-in awaiting development financing.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, arbitrage and enhanced oil recovery. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Reef has established a four stage production development program on its Ontario properties which includes the drilling of a series of multi-zone well targets (vertical and horizontal) and executing recompletions and tie-ins. The loan from Solo covers the first two stages of expenditure on this program. The successful execution of this program would also enable Reef to capitalize on the gas storage and gas recycling rights on the acreage once depleted.

The financing provides Reef with support for its operation development and Solo with the opportunity to participate in a producing asset with immediate production revenue payback and reserves security, as well as the opportunity of establishing a working relationship with Reef with a view to increasing collaboration both in the Ontario basin and other assets throughout Canada. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada. Reef's strategy is to build shareholder value through internally generated exploration and development drilling through selective acquisitions, joint ventures and farm-ins.

The Financing is subject to a number of conditions, including TSXV approval and the finalization of due diligence by Solo. Completion on the investment is anticipated to take place by start May 2010.

Arnie Hansen, Reef President & CEO, commented:

"Solo's investment in Reef will provide us with exposure and access to international financing resources. We look forward to working closely with Solo and its team of experienced oil and gas and corporate finance professionals"

Additional information on the reserves of Reef may be found in the filings made by Reef on SEDAR pursuant to National Instrument 51-101. It should not be assumed that the estimate of net present value (future net revenue) represents the fair market value of the reserves. There is no assurance that the forecast prices and cost assumptions will be attained and variances could be material.

This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

In this press release, the calculation of barrels of oil equivalent (boe) is calculated at a conversion rate of 6,000 cubic feet (mcf) of natural gas for one barrel (bbl) of oil based on an energy equivalency conversion method. Boe's may be misleading particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to raising funds and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE: Reef Resources Ltd.

Reef Resources Ltd. Arnie Hansen President & CEO [phone] [phone] (FAX) Reef Resources Ltd. Tariq S. Malik CA CFO [phone] [phone] (FAX)
Copyright (C) 2010 Marketwire. All rights reserved.

[SteirerMan]

zum nachlesen des restes...

http://www.reefresources.ca/

[SteirerMan]

...nur mal kurz angemerkt.

Obiger Geldbetrag ist höher als die derzeitige MK

27 mio shares - 0,035 CAD = 0,945 mio MK

[hbg55]

Antwort auf Beitrag Nr.: 39.424.956 von SteirerMan am 29.04.10 13:00:26

moin SM......hört sich int. an, wobei ich leider nicht
in die HP reinkomme, um mir comp. mal näher anschauen
zu können

behalt ich aber im auge

[SteirerMan]

Antwort auf Beitrag Nr.: 39.425.166 von hbg55 am 29.04.10 13:27:07

hi h5,

...leider hast recht! Funzt grad nicht.

gestern gings noch. vielleicht wird sie gerade upgedatet das wäre natürlich nicht schlecht...

...besonders, wenn durch die neu kohle neue investoren angelockt werden, die gerne den berg mitbesteigen möchten

[hbg55]

Antwort auf Beitrag Nr.: 39.425.481 von SteirerMan am 29.04.10 14:11:41

....abbbba JETZT fängts an zu ´funzen´


RT....cad 0,06

[hbg55]

Antwort auf Beitrag Nr.: 39.428.282 von hbg55 am 29.04.10 20:23:31

guckt euch das mal an.......


Recent Trades - Last 10 of 18

Time ET Ex Price Change Volume Buyer Seller Markers

14:08:16 V 0.06 0.025 74,000 1 Anonymous 7 TD Sec K
14:08:16 V 0.06 0.025 15,000 1 Anonymous 7 TD Sec K
14:01:58 V 0.06 0.025 5,000 83 Mackie 7 TD Sec K
14:01:58 V 0.06 0.025 5,000 83 Mackie 79 CIBC K
14:01:58 V 0.06 0.025 20,000 83 Mackie 7 TD Sec K

13:59:47 V 0.055 0.02 4,000 7 TD Sec 79 CIBC K
13:59:47 V 0.055 0.02 20,000 7 TD Sec 7 TD Sec K
13:59:47 V 0.055 0.02 20,000 7 TD Sec 7 TD Sec K
13:17:26 V 0.05 0.015 2,000 7 TD Sec 79 CIBC K
13:17:26 V 0.05 0.015 28,000 7 TD Sec 7 TD Sec K

[hbg55]

http://isht.comdirect.de/charts/large.chart?hist=5d&type=CON…

[SteirerMan]

Antwort auf Beitrag Nr.: 39.428.369 von hbg55 am 29.04.10 20:34:04

...dann war das also der Grund wieso die kleine REE gestern so stark war

...die homepage funktioniert auch wieder
http://www.reefresources.ca/news.html

vorweg nochmal ein kleiner auszug aus der letzten news:
Under the terms of the investment, Solo will provide a loan finance facility of $1,650,000 CDN in Reef. The financing will be issued in two stages, with the first stage of $750,000 CDN issued immediately and the balance on the re-commencement of production which is expected within 60 days of the first stage funding. A Solo representative shall act as an advisor to the board of Reef providing commercial and operational advice.




Reef Resources Receives $750,000 Loan Tranche From Solo Oil Plc and Schedules Production Restart
5/13/2010 4:37:48 PM - NFD

CALGARY, ALBERTA, May 13, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") is pleased to announce it has received the Stage 1 loan payment from Solo Oil Plc of C$750,000 as per the agreement announced on the 28th April 2010. The technical and legal due diligence required as a condition of the loan agreement is expected to be completed by the 19th May.

The Reef team are currently executing on the Stage 1 work program to commence oil and gas production. Anticipated facility re-start on or before June 1, 2010. The second tranche loan payment of $900,000 is expected upon resumption of production.

Solo Oil Plc is a petroleum resources exploration and development company, with objectives to acquire and develop a diverse portfolio of direct and indirect interests in exploration, development and production oil and gas assets which are based in the Americas, Europe and Africa. More information on Solo can be found at www.solooil.co.uk.

Reef is an incorporated oil and gas exploration and production company with existing assets in Ontario and ongoing negotiations and options for the acquisition of other assets in Canada. Reef's primary asset in Ontario has estimated proved and probable reserves of 35,533 boe and 159,370 boe respectively as assessed by a qualified reserve evaluator as of July 31, 2009. The Ontario asset is current production shut-in awaiting development financing.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, arbitrage and enhanced oil recovery. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Reef has established a four stage production development program on its Ontario properties which includes the drilling of a series of multi-zone well targets (vertical and horizontal) and executing recompletions and tie-ins. The loan from Solo covers the first two stages of expenditure on this program. The successful execution of this program would also enable Reef to capitalize on the gas storage and gas recycling rights on the acreage once depleted.

Estimated reserve valuation is based on proved plus probable reserves, reflecting the net present value (future net revenue) using forecast prices discounted at 10% before tax with an effective date of July 31, 2009. Additional information on the reserves of Reef may be found in the filings made by Reef on SEDAR pursuant to National Instrument 51-101. It should not be assumed that the estimate of net present value (future net revenue) represents the fair market value of the reserves. There is no assurance that the forecast prices and cost assumptions will be attained and variances could be material.

This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

In this press release, the calculation of barrels of oil equivalent (boe) is calculated at a conversion rate of 6,000 cubic feet (mcf) of natural gas for one barrel (bbl) of oil based on an energy equivalency conversion method. Boe's may be misleading particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to raising funds and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE: Reef Resources Ltd.

Reef Resources Ltd. Arnie Hansen President & CEO [phone] [phone] (FAX) Reef Resources Ltd. Tariq S. Malik CA CFO [phone] [phone] (FAX)
Copyright (C) 2010 Marketwire. All rights reserved.

[hbg55]

Antwort auf Beitrag Nr.: 39.538.327 von SteirerMan am 18.05.10 12:36:28

...jooo, das sollte paaaaaar impulse geben können

[SteirerMan]

Antwort auf Beitrag Nr.: 39.539.146 von hbg55 am 18.05.10 14:26:29

Reef to issue 5.04 million shares to clear debt

2010-05-18 10:56 ET - News Release

Mr. Arnie Hansen reports

REEF RESOURCES LTD. ANNOUNCES SHARES FOR DEBT SETTLEMENTS

Reef Resources Ltd. has reached agreements with management members, a consulting geologist and one key creditor for the settlement of $387,306 in debt at 7.5 cents per share. Reef will be filing for approval with the TSX Venture Exchange to issue 5,049,081 in common shares for the settlement of the outstanding debt.

Reef will issue a press release when the approval has been received and when the shares have been issued.

"We appreciate the vote of confidence that management and creditors have cast in the future of our company. The debt settlement will have a positive impact on our balance sheet," said Arnie Hansen, president, Reef Resources Ltd.

We seek Safe Harbor.

[SteirerMan]

Antwort auf Beitrag Nr.: 39.539.146 von hbg55 am 18.05.10 14:26:29

damit wir die REE nicht vergessen. ein kleier auszug aus letzter news...


...Anticipated facility re-start on or before June 1, 2010. The second tranche loan payment of $900,000 is expected upon resumption of production.

inzwischen haben wir schon after june 1, .... bin dann mal gespannt was, wann, wo, wie, wohin,... passiert

[SteirerMan]

Antwort auf Beitrag Nr.: 39.656.642 von SteirerMan am 09.06.10 16:34:52

Reef Resources Ltd. Announces Board Addition and Corporate/Operational Update
6/28/2010 9:15:03 AM - NFD

CALGARY, ALBERTA, Jun 28, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces a proposed addition to its Board of Directors, an update on the loan status with Solo Oil Plc, and an operational update on its Ausable Ontario property.

Reef is pleased to announce that the Solo Oil Plc Chairman, Mr. David Lenigas, has been nominated to the Reef Board of Directors, subject to approval by the TSX Venture Exchange. David Lenigas holds a Bachelor of Applied Science in Mining Engineering. He has extensive international experience operating in the public company and natural resources environment and is currently the Chairman of Lonrho plc, LonZim Plc, Leni Gas & Oil Plc, Templar Minerals Limited, Solo Oil Plc, Lonrho Mining Limited, non-Executive Director of Zest Group Plc and Executive Director of Vatukoula Gold Mines Plc.

Reef's President, Arnie Hansen, commented:

"Reef is excited to have David join our Board of Directors. He brings a wealth of experience and expertise to our company. We look forward to his contributions in growing Reef into a successful company".

In other developments, Solo Oil Plc has now conducted all technical, legal and commercial due diligence to complete the conditions of the $1,650,000 CDN participating loan agreement announced on April 28, 2010. Solo Oil Plc, an AIM listed company, provided the loan for the development of Reef's proven oil and gas production reserves in Ontario. The loan does not bear interest with Solo receiving 60% of net production revenue post tax until loan repayment and 50% net earnings thereafter from the funded developments. Reef has received $750,000 of the loan to date.

Subsequent to the receipt of the stage 1 loan payment of $750,000 on 14 May, production facilities have been restarted, tested and operating as per standard performance levels.

The local natural gas utility company is in the process of finalizing analysis of the Company natural gas prior to commencing sales production from the facility. Subject to confirmation of acceptable gas analysis by the utility the Company will restart sales production as planned. In the meantime the Company will re-start the facility before end of June 2010, recycle and conserve gas, produce oil from two pumping oil wells and recover natural gas liquids through its gas liquids extraction process.

As announced previously, Reef successfully negotiated purchase of the main processing plant compressor from a lease arrangement and this will have a positive impact on the Company's balance sheet, positive net operating income and lower overall operating costs.

The completion program and scheduling of the first horizontal well to increase production are being finalised, and this program shall be executed as soon as rig services and fracturing equipment are mobilised in July. The Company anticipates reporting the stage 1 production results by August 2010.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario and western Canada. The Company's strategy is to build shareholder value through internally generated exploration and development drilling and through selective acquisitions.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, arbitrage and enhanced oil recovery. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

[hbg55]

Reef Resources Ltd. (REE)
As of August 8th, 2010

Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price

Jun 04/10 Jun 03/10 Olson, Larry James Control or Direction Common Shares 46 - Compensation for services 1,141,019 $0.075

Jun 04/10 Jun 03/10 Malik, Tariq (Terry) Shafiq Indirect Ownership Common Shares 46 - Compensation for services 660,312 $0.075

Jun 04/10 Jun 03/10 Hansen, Arnold Control or Direction Common Shares 46 - Compensation for services 1,247,750 $0.075


....denke mal, daß wir da grad schööööne schnäppchen in CAN sehn

[SteirerMan]

Antwort auf Beitrag Nr.: 39.954.547 von hbg55 am 09.08.10 20:47:31

...und nach gestriger News kam dann gleich einmal ein bißchen bewegung rein!!



Reef Resources Ltd. Completes Ausable #2 Well and Processing System Upgrades.
8/25/2010 12:31:55 PM - NFD

CALGARY, ALBERTA, Aug 25, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") is pleased to announce the successful completion of the Reef Ausable #2 horizontal well in South Western Ontario.

Reef has successfully conducted the 60 tonne three stage fracture ("frac") stimulation August, 20 2010. The frac comprised of three 20 tonne stages using specialized completion tools strategically placed throughout the 475 meter horizontal leg. The well is currently being flow tested up tubing to recover frac water and nitrogen. Subject to recovery of frac fluids and nitrogen the stage frac tools will be recovered followed by an extensive flow test to determine gas and oil flow rate.

Reef has also completed vital work on its natural gas processing system at the Grand Bend process facility. The company installed a Variable Frequency Drive unit to better match gas flow rates, compressor loading and cooling plus better match gas process criteria. Additionally, minor piping changes have been completed along with cleaning of Joules Thompson heat exchanger unit to help optimize the gas liquids recovery system. This work was performed to increase efficiencies and meet the dry natural gas test specifications of the pipeline utility operator. A dry gas test will be conducted this week.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario and western Canada. The Company's strategy is to build shareholder value through internally generated exploration and development drilling and through selective acquisitions. Reef received a $1.65 million CDN participating loan commitment from Solo Oil plc, an AIM listed international oil and gas exploration and development company on April 29, 2010. Reef has received $750,000 of the loan commitment.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, arbitrage and enhanced oil recovery. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements - this news release contains certain forward-looking statements, which include assumptions with respect to raising funds and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Estimated reserve valuation is based on proved plus probable reserves, reflecting the net present value (future net revenue) using forecast prices discounted at 10% before tax with an effective date of July 31, 2009. Additional information on the reserves of Reef may be found in the filings made by Reef on SEDAR pursuant to National Instrument 51-101. It should not be assumed that the estimate of net present value (future net revenue) represents the fair market value of the reserves. There is no assurance that the forecast prices and cost assumptions will be attained and variances could be material.

This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE: Reef Resources Ltd.

Reef Resources Ltd. Arnie Hansen President & CEO [phone] Reef Resources Ltd. Larry Olson Vice President, Finance [phone]
Copyright (C) 2010 Marketwire. All rights reserved.

[hbg55]

Antwort auf Beitrag Nr.: 40.049.114 von SteirerMan am 26.08.10 13:19:35

....da sollte noch meeehr folgen....IMO

[hbg55]

Antwort auf Beitrag Nr.: 40.050.175 von hbg55 am 26.08.10 15:46:21

na wer sagst denn, unsre kl. oel- quelle wird allmählich entdeckt....


Recent Trades - Last 10 of 12
Time ET Ex Price Change Volume Buyer Seller Markers


13:11:43 V 0.085 0.015 11,000 81 HSBC 33 Canaccord K
13:11:43 V 0.085 0.015 1,000 81 HSBC 79 CIBC K
13:11:43 V 0.085 0.015 5,000 81 HSBC 33 Canaccord K
13:11:43 V 0.085 0.015 8,000 81 HSBC 9 BMO Nesbitt K
13:09:12 V 0.08 0.015 100 6 Union 57 Interactive E
12:48:18 V 0.085 0.015 100 57 Interactive 6 Union E
12:40:40 V 0.085 0.015 7,000 2 RBC 9 BMO Nesbitt K
12:40:40 V 0.085 0.015 5,000 2 RBC 2 RBC K
12:40:40 V 0.085 0.015 5,000 2 RBC 33 Canaccord K
12:40:40 V 0.08 0.01 3,000 2 RBC 79 CIBC K





RT...cad 0,085

[hbg55]

Antwort auf Beitrag Nr.: 40.098.206 von hbg55 am 03.09.10 19:33:02

....DAMIT haben wir 52- wochen- HOCH erreicht

denke, daß wir damit noch NICHT das ende der fahnenstange gesehen haben....

[hbg55]

Reef Resources Ltd. Initiates Gas Recycle and Enhanced Oil Recovery Pilot Project, Updates Progress on Ausable #2 Horizontal Well and Sales Gas Test Results

CALGARY, ALBERTA, Oct. 18, 2010 (Marketwire) -- Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces the successful initiation of its Gas Recycling and Enhanced Oil Recovery ("EOR") project on its Silurian pinnacle reef in South Western Ontario.

EOR and Recycle Program Successful in Producing Oil and Petroleum Condensate:

Reef Resources has started producing oil and petroleum condensates by recycling approximately 250 mcf/d of natural gas taken from two of its existing wells (Ausable # 1 and Ausable # 4) and injecting it back into Ausable # 3. The result is that oil and petroleum condensate are being produced from Ausable #1 and # 4.

This project is the pilot phase of the larger, full scale Enhanced Oil Recovery and Natural Gas Recycling ("EOR") program that the Company has analyzed and designed and will be executing in the near future. To date, the pilot project confirms the Company's assessment that the reef has the capacity to produce valuable natural gas liquids alongside enhanced oil production by pressurizing the reef with natural gas. Production rates from this pilot activity will be flow tested and reported on as soon as they are available.

The full EOR program involves purchasing natural gas for pressurizing the reef, drilling a total of four horizontal wells and installing a refrigeration plant to process and separate natural gas liquids. Up to 5 mmcf/day of natural gas will be recycled through the reef into two of the four new horizontal wells to pressurize the reef. The result is that oil and natural gas liquids (propane, butane and condensate) will be produced from the two new horizontal wells and Reef's existing four wells. The oil and natural gas liquids ("NGLs"), which are separated into propane, butane and condensate by the refrigeration plant, are then sold. Natural gas recycle and EOR projects of this type have been conducted in Western Canada and globally with excellent results. Reef's goal is to have the four horizontal wells and on-site infrastructure (refrigeration plant, separators, and bullet tanks) in operation by spring 2011.

"EOR has been proven effective in achieving up to 80% recovery rates in other liquid rich reservoirs." stated Arnie Hansen, President.

Natural Gas Testing:

The extremely warm temperatures during the summer in S.W. Ontario affected the Company's existing natural gas processing equipment and its ability to remove NGL components from its natural gas. Reef intends to have the gas retested and with cooler prevailing temperatures, expects to meet the local utilities gas specifications. Once the gas meets the utility's specifications, the Company can decide whether to sell the gas to the utility, reinject it back into the reef to produce oil and condensate or a mix of the two options. The previous tests have confirmed that Reef's gas is very liquids rich thus supporting the decision to use a gas recycle and EOR program to maximize the value of its key asset.

Ausable # 2 horizontal Frac:

The Company is in the process of mobilizing a coiled tubing unit from Alberta to clean out frac sand that has stalled production from its Ausable #2 horizontal well completed in August. The coiled tubing unit will be leaving Alberta tomorrow (Oct 19) or early Wed AM. It will take three days to arrive. Reef plans on clean out Sun (Oct 24) or Monday. The Company will report on the results and production flow tests when available.

The Company has identified three additional Silurian pinnacle reefs within its 23,000 acre 3D seismic database. Reef is in preliminary discussions with another company that also has identified additional pinnacle reefs in the same region. Due diligence will reveal if a joint venture should be pursued to co-develop the other company's reefs using a gas recycle and EOR program.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario and western Canada. The Company's strategy is to build shareholder value through internally generated exploration and development drilling and through selective acquisitions. Reef received a $1.65 million CDN participating loan commitment from Solo Oil plc, an AIM listed international oil and gas exploration and development company on April 29, 2010. Reef has received $750,000 of the loan commitment.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, arbitrage and enhanced oil recovery. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Not for distribution to US Newswire Services for dissemination in the United States.

Reef Resources Ltd. President & CEO [phone] Reef Resources Ltd. Vice President, Finance [phone]
Back

[hbg55]

Antwort auf Beitrag Nr.: 40.345.805 von hbg55 am 19.10.10 00:45:26

...This project is the pilot phase of the larger, full scale Enhanced Oil Recovery and Natural Gas Recycling ("EOR") program that the Company has analyzed and designed and will be executing in the near future . To date, the pilot project confirms the Company's assessment that the reef has the capacity to produce valuable natural gas liquids alongside enhanced oil production by pressurizing the reef with natural gas.

Production rates from this pilot activity will be flow tested and reported on as soon as they are available.....


der beginn dieser EOR- testphase kann getrost als ´meilenstein´ bezeichnet
werden und sollte bei entsprechenden resultaten uns schon bald gaaaaanz
neue kurs- bereiche geführt haben.....IMO




SK gestern....cad 0,075

[hbg55]

Antwort auf Beitrag Nr.: 40.356.658 von hbg55 am 20.10.10 12:58:38

RT....cad 0,08


...aaaaaber immer noch erst ne MK von knapp cad- mios 3,-

[hbg55]

Antwort auf Beitrag Nr.: 40.369.195 von hbg55 am 21.10.10 20:21:28

SOOOO.......da stehen wir jetzt auf JH - denke über kurz oder lang werden
wir hier ein andres kurs- niv. sehen.........


Recent Trades - All 6 today
Time ET Ex Price Change Volume Buyer Seller Markers

12:18:09 V 0.085 0.005 1,000 74 GMP 33 Canaccord K
12:13:06 V 0.07 -0.01 49,000 74 GMP 1 Anonymous K
10:49:19 V 0.08 0.00 1,000 89 Raymond James 1 Anonymous K
09:57:23 V 0.085 0.005 10,000 2 RBC 33 Canaccord K
09:30:00 V 0.085 0.005 12,000 79 CIBC 33 Canaccord K
09:30:00 V 0.085 0.005 10,000 79 CIBC 33 Canaccord KL

[SteirerMan]

Antwort auf Beitrag Nr.: 40.345.805 von hbg55 am 19.10.10 00:45:26

...und hier die ersten Zahlen


Reef Resources Ltd. Produces an Average of 40 bopd of Oil and Condensate From Its Natural Gas Recycle and Enhanced Oil Recovery Project
11/2/2010 8:30:01 AM - Market Wire

CALGARY, ALBERTA, Nov 2, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces the production results on the successful initiation of its Natural Gas Recycling and Enhanced Oil Recovery ("EOR") program on its Silurian pinnacle reef in South Western Ontario.

The EOR and Gas Recycling Program initiated on October 18, 2010 has produced an average of 40 barrels of oil and petroleum condensate a day over an 11 day period. Production was the result of oil produced from Ausable # 1 and Ausable # 4 and produced gas recycled back into Ausable #3 at an average rate of approximately 130 mcf/day. Condensate processed from the produced natural gas is blended with the produced oil for sales. The Company intends to increase the level of recycling going forward. Additional results will be reported as realized.

The results confirm the Company's assessment that the Ausable pinnacle reef will produce oil and natural gas liquids by pressurizing and recycling natural gas through the reef.

The full EOR program involves:

-- purchasing natural gas for pressurizing the reef; -- drilling a total of four horizontal wells; -- acquiring and installing a refrigeration plant to process natural gas liquids (NGL's).

Up to 5 mmcf/day of natural gas will be injected and recycled through the reef into two of the four new horizontal wells. The goal is to produce significant levels of oil and natural gas liquids (propane, butane and condensate) from two new horizontal production wells and the existing four wells. The recycled natural gas will process NGL's comprising of propane, butane and condensate using a -40C refrigeration plant. Natural gas recycle and EOR projects of this type have been conducted in Western Canada and globally with excellent results (up to 80% recovery factors). Reef's goal is to have the four horizontal wells and on-site infrastructure (refrigeration plant, separators, and bullet tanks) in operation by spring 2011.

"We are very excited about the first phase results of this program. Even injecting a relatively small level of natural gas to recycle through the reef has produced solid and consistent results. It reinforces our EOR development strategy that Reef will be executing in Ontario" stated Arnie Hansen, President.

Ausable # 2 horizontal completion:

The Company mobilized a coiled tubing unit from Western Canada to clean out emulsion and frac sand from the wellbore. Delay in equipment availability has stalled flow test and subsequent production from its Ausable #2 horizontal well. The well has flowed back intermittently and Reef will continue to address the sand and emulsion issue.

The Company has identified three additional Silurian pinnacle reefs within its 23,000 acre 3D seismic database. Reef is in preliminary discussions with another Alberta based company that also has identified additional pinnacle reefs in the same SW Ontario region. Due diligence will reveal if a joint venture should be pursued to co-develop or otherwise exploit the other company's reefs using a gas recycle and EOR program.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario and western Canada. The Company's strategy is to build shareholder value through internally generated exploration and development drilling and through selective acquisitions. Reef received a $1.65 million CDN participating loan commitment from Solo Oil plc, an AIM listed international oil and gas exploration and development company on April 29, 2010. Reef has received $750,000 of the loan commitment.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE: Reef Resources Ltd.

[hbg55]

Antwort auf Beitrag Nr.: 40.436.229 von SteirerMan am 02.11.10 13:58:34

...DARAUF läßt sich ´aufbauen´

[hbg55]

...es geht vorannnnnn.........





RT....cad 0,085

[SteirerMan]

Antwort auf Beitrag Nr.: 40.439.277 von hbg55 am 02.11.10 19:16:38

...und auf 2-Jahres-high 0,09 CAD geschlossen oder dort waren wir das letzte mal am 07.11.2008

...das könnten wir dann mal ein bisschen bullish werten

[hbg55]

Antwort auf Beitrag Nr.: 40.440.390 von SteirerMan am 02.11.10 21:19:17

....DAS war auch........´überfällig´....angesichts einer witz-MK
von grad mal cad-mios 3,2.....


Recent Trades - Last 10 of 18
Time ET Ex Price Change Volume Buyer Seller Markers

15:14:18 V 0.09 0.01 20,000 7 TD Sec 33 Canaccord K
15:13:37 V 0.09 0.01 5,000 74 GMP 33 Canaccord K
15:13:37 V 0.085 0.005 2,000 74 GMP 79 CIBC K
15:13:37 V 0.085 0.005 13,000 74 GMP 33 Canaccord K
13:52:37 V 0.085 0.005 6,000 7 TD Sec 33 Canaccord K
13:52:37 V 0.085 0.005 7,000 74 GMP 33 Canaccord K
13:52:37 V 0.08 0.00 19,000 74 GMP 89 Raymond James K
13:51:16 V 0.08 0.00 10,000 74 GMP 89 Raymond James K
13:50:41 V 0.08 0.00 15,000 74 GMP 89 Raymond James K
13:37:18 V 0.08 0.00 7,000 74 GMP 89 Raymond James K

[hbg55]

Antwort auf Beitrag Nr.: 40.440.390 von SteirerMan am 02.11.10 21:19:17

...und die chancen, daß wir bald die cad 0,10 überwinden sehen
immmmmmer besser aus

[hbg55]

Reef Resources Ltd. Announces Granting of Options to Director and Consultants

CALGARY, ALBERTA, Nov. 5, 2010 (Marketwire) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces the granting of 750,000 options exercisable at $0.10 per common share over the next five years to its newest Director, David Lenigas and two key consultants.

"The three people receiving options are key members of our company going forward. They will be making important contributions in key areas as we finance and develop our Enhanced Oil Recovery and Natural Gas Recycling program" stated Arnie Hansen, President.

The EOR and Gas Recycling Program initiated on October 18, 2010 has produced an average of 40 barrels of oil and petroleum condensate a day over its initial 11 day period. Production was the result of oil produced from Ausable # 1 and Ausable # 4 and produced gas recycled back into Ausable #3 at an average rate of approximately 130 mcf/day. Condensate processed from the produced natural gas is blended with the produced oil for sales.

The Company intends to increase the level of recycling going forward. Additional results will be reported as realized.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario and western Canada. The Company's strategy is to build shareholder value through internally generated exploration and development drilling and through selective acquisitions. Reef received a $1.65 million CDN participating loan commitment from Solo Oil plc, an AIM listed international oil and gas exploration and development company on April 29, 2010. Reef has received $750,000 of the loan commitment.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Reef Resources Ltd. President & CEO [phone] Reef Resources Ltd. Vice President, Finance [phone] Reef Resources Ltd. Calgary, AB T2P 4H5

[hbg55]

woooow............unser baby ist HEUTE aber ganz schön am rocken........
dank CANACCORD..........


Recent Trades - Last 10 of 16
Time ET Ex Price Change Volume Buyer Seller Markers

13:20:34 V 0.09 0.015 3,000 33 Canaccord 79 CIBC K
13:20:34 V 0.09 0.015 8,000 33 Canaccord 2 RBC K
13:18:37 V 0.09 0.015 2,000 33 Canaccord 2 RBC K
13:18:37 V 0.09 0.015 23,000 33 Canaccord 46 Macquarie K
12:52:08 V 0.09 0.015 50,000 33 Canaccord 46 Macquarie K
12:40:57 V 0.085 0.01 25,000 33 Canaccord 1 Anonymous K
11:03:34 V 0.085 0.01 7,000 33 Canaccord 74 GMP K
10:44:42 V 0.085 0.01 20,000 33 Canaccord 33 Canaccord K
10:43:30 V 0.085 0.01 23,000 33 Canaccord 1 Anonymous K
10:32:41 V 0.085 0.01 2,000 33 Canaccord 1 Anonymous K

[hbg55]

Antwort auf Beitrag Nr.: 40.495.744 von hbg55 am 10.11.10 19:43:32

...sieht MIR gaaaanz so aus, als wollte SIE nun endlich den penny- bereich
verlassen wollen..........mit dann neuem jahreshoch

[hbg55]

Antwort auf Beitrag Nr.: 40.496.399 von hbg55 am 10.11.10 20:52:38

....yeppppii.......es ist vollbracht


Recent Trades - Last 10 of 11
Time ET Ex Price Change Volume Buyer Seller Markers


10:43:31 V 0.11 0.015 5,000 7 TD Sec 74 GMP K
09:57:27 V 0.10 0.005 575 6 Union 6 Union E
09:57:27 V 0.10 0.005 50,000 33 Canaccord 7 TD Sec K
09:57:27 V 0.10 0.005 9,000 33 Canaccord 2 RBC K
09:57:27 V 0.10 0.005 1,000 33 Canaccord 85 Scotia K
09:57:27 V 0.10 0.005 23,000 33 Canaccord 6 Union K
09:56:58 V 0.10 0.005 27,000 33 Canaccord 6 Union K
09:56:58 V 0.10 0.005 15,000 33 Canaccord 33 Canaccord K
09:56:58 V 0.10 0.005 8,000 33 Canaccord 33 Canaccord K
09:30:00 V 0.10 0.005 400 9 BMO Nesbitt 6 Union E


mit frischem schwung gehts in die neue handelswoche auf akt. TH von 0,11

[hbg55]

Antwort auf Beitrag Nr.: 40.524.128 von hbg55 am 15.11.10 17:05:16

...uuuuund ne GOOOOD news gibts heute noch oben drauf..........


Reef Resources Ltd. to Receive 2nd Tranche of UK Group Funding and Plans New Oil Well in S.W. Ontario.

CALGARY, ALBERTA, Nov. 16, 2010 (Marketwire) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") Reef Resources Ltd. has made well license application for the new Reef Ausable #5 vertical well northwest of London, Ontario. The 615 metre vertical well is expected to be spudded before mid December with production results reported January 2011.

The well will also be cored in order to accomplish key objectives including:



-- Define the cap rock integrity for future gas storage. This is invaluable
for gas storage planning and licensing.
-- Finalize drill locations and trajectories for the proposed four
horizontal wells planned for 2011. The cored data will be correlated to
the Company's existing 3D seismic.



The Company plans to drill four horizontal wells in two stages during the first half of 2011.These horizontal wells are part of the Natural Gas Recycling and Enhanced Oil Recovery ("EOR") program that Reef is executing. Two horizontal wells will be used for injecting natural gas to pressurize the reef structure and the other two horizontal wells, as well as existing vertical wells, will be deployed as production wells. The production wells will produce oil and natural gas liquids and the natural gas will be recycled. An EOR pilot program, injecting natural gas, is already producing approximately 40 barrels of oil per day with only minimal gas injection at a rate of 130 mcfd.

Solo Oil Plc has elected to advance the 2nd and final tranche of the $1.65 million participating loan to Reef to fund the drilling of the vertical well and purchase additional on site equipment. The on-site equipment (de-ethanizer) will increase productivity of the EOR pilot program already underway.

Reef was formed to participate in the exploration, development and production of conventional crude oil and natural gas reserves in Ontario and western Canada. The Company's strategy is to build shareholder value through internally generated exploration and development drilling and through selective acquisitions.

The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements- This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Reef Resources Ltd. President & CEO [phone] Reef Resources Ltd. Vice President, Finance [phone] Reef Resources Ltd. Calgary, AB T2P 4H5

[hbg55]

....na PRIMA, die ersten umsätze sind da - zwar noch keine mios.,
aber wer weiß, was da in 2011 noch alles voran kommt


Reef Resources Ltd. Achieves Oil Production Revenue as Planned

CALGARY, ALBERTA, Feb. 2, 2011 (Marketwire) --



NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") reports that for the months of October, November and December it achieved gross revenues of $70,170 from the initial phase of the Ausable Enhanced Oil Recovery Natural Gas Recycling program. Oil and petroleum condensates production for the quarter totalled 971 barrels. Severe winter conditions hampered production during this period and the Company continues to optimize its producing wells and surface equipment to increase production.

Arnie Hansen, President & CEO said "One of our objectives for the last quarter of 2010 was to start up production and achieve revenue by executing the initial natural gas recycling program. We have done that and continue to execute projects as planned for Q1 2011.

Reef's objectives for Q1 2011 include:



-- Drill, and core a 615 metre vertical well (Ausable #5) with spudding
expected during the second week of February 2011. This well is intended
to not only increase overall production, but assist in providing
valuable information for the gas storage asset plus confirm drilling
locations for the next phase of the Natural Gas Recycling and Enhanced
Oil Recovery ("EOR") program;

-- Fish and recover stage frac tools that have impeded production from the
Ausable # 2 horizontal well. The drilling rig will be utilized for this
operation once the Ausable #5 is drilled.



Footnote; The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Reef Resources Ltd.
President & CEO
[phone]



Reef Resources Ltd.
Vice President, Finance
[phone]

[hbg55]

Antwort auf Beitrag Nr.: 40.977.432 von hbg55 am 03.02.11 17:28:01

....und angesichts der ölpreis- entwicklung dürften die umsätze
fürs nächste quartal ´allein´ schon ob des höheren preises weiter
nach oben laufen





akt.....usd 101,70

[hbg55]

Reef Resources Ltd. Announces Ausable #5 Well Reaches Total Depth With Oil Staining on Core Samples.

Mar. 30, 2011 (Marketwire Canada) --

CALGARY, ALBERTA --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") reports that drilling of its Ausable # 5 well reached total depth of 615 metres on March 29. A total of 4 cores were taken over a depth of 32 metres with overall good recoveries. Oil staining was observed on the core samples which are currently being analyzed with results to be released in the near future. Data from the core samples will provide information on cap rock integrity and will be utilized, in addition to existing 3D seismic data, to pinpoint further drilling targets for future horizontal wells in the Ausable pinnacle reef.

The Ausable # 5 wellbore is being logged to identify the intersected hydrocarbon zones in the Ausable reef at this location. Results will be analysed and released as soon as it is available.

The Ausable reef is currently on production and is generating revenue from the initial Enhanced Oil Recovery Natural Gas Recycling program which commenced in 4th quarter 2010.

Footnote: The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements — This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Reef Resources Ltd.
President & CEO
[phone]



Reef Resources Ltd.
Vice President, Finance
[phone]



Reef Resources Ltd.
Calgary, AB T2P 3W2

[hbg55]

Antwort auf Beitrag Nr.: 41.299.072 von hbg55 am 31.03.11 19:19:45

nachdem kurs unterstützungsmarke bei cad 0,075 testete gehts mit spürbarem
vol- anstieg gen norden.......akt. cad 0,10 bereits

[SteirerMan]

Antwort auf Beitrag Nr.: 41.299.092 von hbg55 am 31.03.11 19:23:10

Reef Resources Ltd. Announces Update on Ausable #5 Completion and Ausable #2 Frac Tool Removal
8/4/2011 9:15:01 AM - NFD

CALGARY, ALBERTA, Aug 4, 2011 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces that significant progress is being made on determining the Ausable #5 future flow rate. The presence of very light oil, blended with natural gas condensates, creates foamy oil conditions and consequently the current mechanical bottom hole pumping configuration is operating at very low efficiency causing erratic flow rate and high fluid levels in the wellbore. The Ausable field has now been shut in for a period of time to provide fluid level and pressure build up data that is necessary to determine the Ausable #5 likely flow rate using industry accepted inflow analysis technique and will be reported as soon as all data is processed.

When the likely ultimate flow rate has been estimated Reef will be able to design and execute a plan for long term lifting of the well fluids using revised pumping techniques that will allow the full potential of the well to be realised.

The removal of the frac tools from Ausable # 2 is also progressing. The first stage of tubing cuts have been successfully executed and will now concentrate on extracting the frac tools over the course of the next few days. Once the frac tools are removed the Company will report on the status of Ausable #2.

Arnie Hansen stated, "While still at a preliminary state, Ausable # 5 is looking very positive and the Company's engineering team is working on a solution to increase pumping efficiencies therefore increasing production. This is the first stage of optimization with next goal to acquire and inject natural gas to re-pressure the reef that will significantly increase production and demonstrate the true value of the Ausable pool."

Footnote: The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

Forward Looking Statements - This news release contains certain forward-looking statements, which include assumptions with respect to the valuation of Reef's reserves, funds raised from a financing and future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

SOURCE: Reef Resources Ltd.

[SteirerMan]

Antwort auf Beitrag Nr.: 41.892.534 von SteirerMan am 04.08.11 15:39:59

Reef Resources Ltd. Announces Ausable # 5 Update and Progress on Production Optimization
8/31/2011 4:00:01 PM - NFD

CALGARY, ALBERTA, Aug 31, 2011 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces that the Company plans to install a hydraulic venturi downhole pump in the Ausable # 5 well. This proven oilfield technology, replacing conventional bottomhole pumps with venturi units, is currently being installed and tested on the Ausable #1 well. The hydraulic unit is designed to operate efficiently with the light oil and condensate currently being produced from the Ausable reef and will provide optimum production flow rates. It is anticipated that the hydraulic pumping units will also be installed in Ausable # 2 and Ausable # 4 over the course of the next two months.

Following the installation of the venturi pump in Ausable # 5 the Company will be in a position to accurately report production flow rate in addition to production potential with the previously announced Enhanced Oil Recovery (EOR) and cyclic natural gas liquids (NGL's) program. Under the EOR program, reservoir analysis and design work to date indicates re-pressurization of the reservoir will have a significant positive impact on overall field production and recovery factors. Results and updates of the Company's optimization program and implementation of the cyclic gas EOR program will be released once fully operational.

Reef is also pleased to announce that two of the three frac tools from the Ausable #2 horizontal well have been successfully recovered. Approximately 75% of the productive zone is now open. Additional fishing operations are not viewed as cost effective and the Company will be moving forward with wellbore clean up and flow testing. A further announcement will be made once the well is on stream.

Arnie Hansen stated, "We continue to view Ausable # 5 very positively and the Company's engineering and operations team is working diligently to increase production by implementation of the venturi pumping system followed by the re-pressurization of the reef and commissioning of the EOR and NGL program. There are numerous analogous fields where these types of optimization efforts have successfully yielded significant increases in production once in operation."

Footnote: The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

[SteirerMan]

Antwort auf Beitrag Nr.: 41.299.092 von hbg55 am 31.03.11 19:23:10

...nachdem der Kurs im April/Mai ein Hoch von 0,18 Cad erreicht hatte, wurden wir nachvollziehbarerweise auf die 0,08 CAD runtergebrügelt. Mit der neuen Kohle, der dadurch möglichen Weiterentwicklung und vielen anstehenden News wird hoffentlich wieder ein wenig Wind aus dem Süden kommen und uns richtung norden....

näheres zu den Konditionen des PP wäre als erstes überaus interessant!!!




Reef Resources Ltd. Announces Agency Agreement With Jacob Securities Inc.
9/30/2011 9:30 AM - NFD

CALGARY, ALBERTA, Sep 30, 2011 (Marketwire via COMTEX News Network) --

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces that it has entered into an Agency agreement with Jacob Securities Inc. in connection with a brokered private placement. Jacob Securities will act as Reef's agent in raising up to $ 2 million of a Flow Through and non-Flow Through common share offering on a best efforts basis. Pricing and terms to be announced upon closing which is anticipated to occur within the next 5 - 10 business days.

Solo Oil Plc., an AIM listed company, which currently holds a 23.8% Working Interest in Reef's Ontario properties will acquire up to an additional 14.3% Working Interest for $1.5 million upon Reef raising a minimum of $1.5 million via the brokered private placement.

The funds secured by Reef as a result of the Working Interest sale and private placement will be used to complete two additional wells in the Ausable pinnacle reef, tie-in an existing standing gas well in the Airport South reef, acquire pressurization natural gas for recycling in the Ausable reef, further execute on its existing field optimization program which includes the installation of additional venturi hydraulic pumps in its existing Ausable wells #2, 4 and 5 as well as provide working capital.

Ausable Reef Update:

The Company has successfully completed the previously planned hydraulic venturi downhole pump in the Ausable # 1 well. The testing process is currently underway and once stabilized rates of production are achieved they will be announced. The hydraulic unit is designed to operate efficiently with the light oil and condensate currently being produced from the Ausable reef and will provide optimum production flow rates. Once operating and design configuration is established as result of this test the system will be installed in Ausable # 5, Ausable # 2 and Ausable # 4 wells.

Following the installation of the venturi pump in Ausable # 5 the Company will be in a position to accurately report production flow rate in addition to production potential with the previously announced Enhanced Oil Recovery (EOR) and cyclic natural gas liquids (NGL's) program. Under the EOR program, reservoir analysis and design work to date indicates re-pressurization of the reservoir will have a significant positive impact on overall field production and recovery factors. Results and updates of the Company's optimization program and implementation of the cyclic gas EOR program will be released once fully operational

The Ausable # 2 horizontal well is currently undergoing clean up and flow testing will follow completion of the clean up process. A further announcement will be made once the well is on stream.

Footnote: The Company's Ontario asset has gas storage rights, gas re-injection permit for gas recycle, NGL recovery, enhanced oil recovery and arbitrage. A key component of Reef's Ontario strategy is to identify and exploit undervalued prospects in the Ontario basin by utilizing the company's 23,500 acres of proprietary 3D seismic. In addition to its Ontario Properties, Reef has identified multiple oil and gas acquisition and development opportunities throughout Canada.

[SteirerMan]

Antwort auf Beitrag Nr.: 42.183.443 von SteirerMan am 07.10.11 13:19:31

...eine woche nach letzter ankündigung erreichen uns erfreuliche News!!!
# 1 well - läuft
# 2,4,5 wells - demnächst



Reef Resources Ltd. Announces 100 bopd Test Rate for Ausable #1
10/7/2011 8:30 AM - Market Wire

CALGARY, ALBERTA, Oct 7, 2011 (Marketwire via COMTEX News Network) --

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES.

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces that it has completed its production testing of its Ausable well #1 using hydraulic venturi downhole pump technology. The computed average daily production rate over the test period was 103 bopd.

The Company is now in the process of installing the permanent venturi pumping equipment in Ausable well #1. The new pumping equipment will be installed in the recently drilled Ausable well #5 followed by Ausable well #2 and Ausable well #4. Clean up on the Ausable #2 horizontal well is completed and the new pumping equipment will be installed upon completion of production flow testing.

During the test period the venturi was run for a number of periods to test the surface and downhole pumps and to optimise pump rates and fluids. Reef estimates that the stabilized long term production rate for Ausable well #1 using venturi pumping will be between 50 - 70 bopd and is confident that the production rates for the additional production wells (Ausable #2, Ausable #4 and Ausable #5) will also achieve similar production levels upon installation of venturi pumps. Ausable well #1 was previously being pumped using a traditional beam pump and was recently producing between 5 and 10 bopd. These estimates represent production prior to the full execution of the Enhanced Oil Recovery ("EOR") program.

Ausable well #3 is currently operating as an injection well for the Enhanced Oil Recovery program. The EOR program is at a preliminary stage, presently injecting only 100 mcf/d. The full execution of the EOR program involves injecting increasing amounts of natural gas in order to re-pressurize and sweep the reef plus the completion of additional production/injection wells. Under the full EOR program, re-pressurization of the reservoir will have a significant positive impact on overall field production and recovery factors.

The Company also announces that it has received all government approvals for the installation of a connecting pipeline for its Airport South #1 natural gas well located on its nearby Airport South reef. Natural gas from the Airport South #1 well will provide additional natural gas for the Ausable reef EOR injection program and will increase the injection rate to between 200 - 300 mcf/d. Additionally, recent gas analysis of Airport South #1 revealed 30 bbls of gas liquids per mmcf which will enhance the overall production of the Ausable reef.

Arnie Hansen, President stated, "We are delighted with the production rate we are achieving in Ausable well #1 as it does demonstrate the production potential of the Ausable field with appropriate pump and EOR technology. We anticipate additional production from the EOR program will be equally exciting. We are encouraged by the results as it pertains not only to bringing Ausable well #1 on production but also as a successful solution for achieving maximum production from Ausable well # 2, Ausable well # 4 and Ausable well # 5."

[SteirerMan]

Antwort auf Beitrag Nr.: 42.183.443 von SteirerMan am 07.10.11 13:19:31

Reef Resources Ltd. Announces Pricing and Terms of Previously Announced $2 Million Equity Offering

CALGARY, ALBERTA--(Marketwire - Oct. 13, 2011) -

Reef Resources Ltd. (TSX VENTURE:REE) ("Reef" or the "Company") announces that it has agreed to pricing terms for the previously announced brokered private placement being led by Jacob Securities Inc. Up to $2 million of flow through and non-flow through common shares will be priced at $0.11 per flow through common share and $0.10 per non-flow through common share (the "Offering"). Jacob Securities has secured a lead order of up to $550,000 from an institutional investor representing 10% outstanding of Reef Resources Ltd. "post-closing". Closing of the Offering is expected to occur with 7 – 14 business days.

Solo Oil Plc., an LSE - AIM listed company which currently holds a 23.8% working interest in Reef's Ontario properties will acquire up to an additional 14.3% working interest for $1.5 million following closing of a minimum $1.5 million under the Offering.

On Friday, October 7, 2011, the Company announced the successful production testing of its Ausable well #1 using hydraulic venturi downhole pump technology. The computed average daily production rate over the test period was 103 bopd with an estimated stabilized rate of 50 to 70 bopd.

The funds secured by Reef as a result of the working interest sale and Offering will be used to...
- complete two additional wells in the Ausable pinnacle reef,
- tie-in an existing standing gas well in the Airport South reef,
- acquire pressurization natural gas for recycling in the Ausable reef,
- further execute on its existing field optimization program which includes the installation of additional venturi hydraulic pumps in its existing Ausable wells nos. 2, 4 and 5, as well as for general working capital.

[SteirerMan]

....sollte man mal reinschauen


hier gibts die August 2011 Presi:
http://www.reefresources.ca/en/documents/reef-presentation-0…

[hbg55]

Reef Resources Confirms Enhanced Oil Recovery Production Potential of Ausable Reef

Calgary, Alberta CANADA, August 27, 2012 /FSC/ - Reef Resources Ltd. (REE - TSX Venture), ("Reef" or the "Company") is pleased to announce the following:

Reef is pleased to announce that full-scale production has commenced at the Ausable Field in S. Western Ontario. Two of the four wells (Ausable #1 and Ausable #5) have now been put on line and total liquids potential of 275 barrel oil equivalent per day (boed) has been computed based on the current gas cycling rate of 236 thousand cubic feet per day (mcfd) being increased to 5,000 mcf/d. The initial two wells production rate averaged 13 boed although this is now being scaled up as gas cycling rates are increased.....


http://tmx.quotemedia.com/article.php?newsid=53808046&qm_sym…

[hbg55]

Antwort auf Beitrag Nr.: 42.375.605 von SteirerMan am 20.11.11 18:38:34

moin ALLLLL,


....auch die presi aus 11.2012 ist durchaus eines blickes wert - schaut mal
rein hier..........


http://www.reefresources.ca/en/reef_november_2012_eor_presen…


da muten akt. kurse von cad 0,03 als wahre schnäpppchen......IMO

[hbg55]

Zitat von hbg55: moin ALLLLL,


....auch die presi aus 11.2012 ist durchaus eines blickes wert - schaut mal
rein hier..........


http://www.reefresources.ca/en/reef_november_2012_eor_presen…


da muten akt. kurse von cad 0,03 als wahre schnäpppchen......IMO

moin REE- lers,


int. phase akt. - denke, wir stehen hier vor ner trendwende...........DRUM ist auch der CFO jüngst schön am zuschnappen gewesen im PUBLIC MARKET.....


As of 11:59pm ET February 21st, 2013

Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Price

Feb 12/13 Feb 12/13 Olson, Larry James Indirect Ownership Common Shares 10 - Acquisition in the public market 252,000 $0.020

Feb 6/13 Feb 6/13 Olson, Larry James Control or Direction Common Shares 10 - Acquisition in the public market 100,000 $0.020


http://www.canadianinsider.com/node/7?menu_tickersearch=ree

[hbg55]

Reef Resources Operational and Corporate Update

Calgary, Alberta CANADA, February 22, 2013 /FSC/ - Reef Resources Ltd. (REE - TSX Venture)("Reef" or the "Company") is pleased to provide a market update on corporate activities and developments in the Enhanced Oil Recovery field operations:

The latter half of 2012 presented Reef with fluid lift challenges, and a mixed sense of optimism, while seeing production of extremely light foamy oil under low reservoir pressure conditions. In order to address associated performance issues the company retained a leading industry artificial lift consulting group with extensive international experience in providing solutions to difficult fluid lifting dynamics. Subsequent recommendations have prompted the design and implementation of a hybrid artificial gas lift system at the Ausable #5 well site that would replace the Company's existing artificial lift equipment necessary to produce high gravity fluids from the well bore. The results of the lift program is deemed to be a success, demonstrating that oil and NGLs can be recovered from the Ausable Reef. The next step is continuation of gas injection to increase oil and NGL production. Currently field operations are temporarily suspended to minimize costs pending upgrades mentioned below.

To date, only 10% of the original reservoir volume has been replaced through the injection of equity gas and purchased utility gas. Without replacement of all voidage gas in the reservoir, an estimated 450 million cubic feet of gas, Reef will continue to achieve marginal results with a limited production profile. As voidage gas is replaced over time production will increase in parallel with gas injection volumes. As voidage gas is being injected we also have the ability to extract condensate for sale by recycling a portion of the gas throughout the reservoir. This will require a larger compressor and gas condensate storage bullet. All other components necessary for this process are installed and functional.

Based on data gathered to date management is confident the above field production operations can be maximized to unlock full value from the estimated 7.8 million barrels of reserves in place in the Ausable reef.

Reef is currently engaging a number of potential investors or partners in the bid of obtain funding for this essential stage of reservoir pressurization and production optimization in its planned CAPEX program.

Additional program funding will be required for installation of the larger compressor and NGL storage facilities. The follow up phase would include installation of a -40C refrigeration plant, and drilling of Reef's horizontal and vertical well inventory to bring the Ausable Reef and the Airport North and South Reefs to maximum production levels.

The Ontario asset is not subject to the oil price discount currently being experienced in Western Canada and does not have pipeline takeaway restraints due to market proximity, Arnie Hansen advised. The President and CEO of Reef also stated, "we are very pleased with these performance enhancements in southern Ontario, this progress is confirmation our EOR program is on track in driving oil and liquids production at Ausable".

For more information please contact:

Arnie Hansen Dan Patience Larry Olson
President & CEO Noble Investment Corp. CFO
T: [phone] T: 1 800 499 2388 T: (403)-251-9447
Suite 1120, 444 -5th Ave. SW C: [phone]
Calgary, AB T2P 2T8


http://tmx.quotemedia.com/article.php?newsid=58229826&qm_sym…


......denke, auf akt. niv. sehen wir grad vielversprechende zustiegschancen

[hbg55]

Antwort auf Beitrag Nr.: 44.074.925 von hbg55 am 28.01.13 23:43:56

moin REE- lers,


mit schööönem vol.- sprung sahen wir am gestrigem tag sogar eine
VERDOPPLUNG beim kurs........mit SK von cad 0,03 auch als TH !!!!


MIR scheint damit das tal der tränen überwunden zu sein und rechne in
den komm. wochen mit mind. einer stabilisierung des nun gefundenen niv.....

[hbg55]

Antwort auf Beitrag Nr.: 44.233.420 von hbg55 am 09.03.13 14:45:08

GUUUUT möglich, daß auch haupt- teilhaber SOLO OIL nach schließung eines
1mio.- pfund- placements, am vergangenen freitag schon mal abissl
zugeschnappt hat !!!!




For Immediate Release

5 March 2013

Solo Oil plc

('Solo' or 'the Company')

Issue of Equity and TVR

Solo Oil plc announces that it has raised £1.0 million gross proceeds through the issue of 200 million new ordinary shares of 0.01p each in the Company ("Placing Shares") at a price of 0.5 pence per share to institutional investors (the "Placing").

Neil Ritson, Solo's CEO, commented:

"The funds will be used to strengthen the Company's balance sheet and negotiating position ahead of receiving proposals for a potential farm-out of up to 50% of our interest in the Ruvuma PSA in Tanzania, and will allow the Company to continue with its strategy of making investments in the oil and gas sector.".........


http://www.solooil.co.uk/operation-detail/reef-resources

[hbg55]

.....unabhängig davon schnappt mr. olson erneut zu - diesmal 100k
zu cad 0,025 im public market.......


http://www.canadianinsider.com/node/7?menu_tickersearch=ree

[SteirerMan]

Antwort auf Beitrag Nr.: 44.231.422 von hbg55 am 08.03.13 17:38:44

moin h5


jetzt ist es soweit. sofern der Deal über die Bühne geht, sollte der Zieleinlauf nicht mehr weit sein.

Laut TMX-Money:
70.500.082 shares FD
0,025 CAD aktueller Kurs
= 1,76 Mio CAD MK

...ich denke da gäbe es dann einiges an Luft nach OBEN

bin schon gespannt auf die MD&A die in Kürze veröffentlicht werden sollte, sowie die neue Presi, die eventuell gebastelt wird (weil's grad keine gibt).

ich hoffe meine Anstreicherei im Text ist nicht zu verwirrend




Reef receives purchase offer for 20% of Ontario assets

2013-10-03 12:44 ET - News Release

Mr. Arnie Hansen reports

REEF RESOURCES RECEIVES OFFER TO PURCHASE 20% WORKING INTEREST FROM N.A. ENERGY RESOURCES CORP.

Reef Resources Ltd. has received an offer to purchase from N.A. Energy Resources Corp. (ERC), an oil and gas investment fund, a 20-per-cent working interest in its Ontario assets. ERC will also seek to acquire a 28.56-per-cent working interest from Solo Oil PLC, which Reef has a non-binding option to purchase. The anticipated closing of the transaction is Dec. 31, 2013. After closing, ERC will hold a 48.56-per-cent working interest in Reef's existing assets in Ontario.

The funds received by Reef for the sale of its 20-per-cent working interest will enable Reef to finance its remaining 51.4-per-cent working interest of the final stages of development in the Ausable reef that is forecast to achieve production of 592 barrels of oil equivalent per day of oil and natural gas liquids by mid-2014. Reef retains the right to negotiate the sale of its or Solo's working interest with other parties until ERC makes a deposit of $200,000.



Reef also has the following important development and budget announcements.

- The company has sourced a five-million-cubic-feet-per-day minus-50 refrigeration gas processing plant and a four-million-cubic-feet-per-day compressor package plus tankage necessary for production of natural gas liquid (NGLs). The company is in negotiation with a leasing company prepared to lease the equipment under a three- to four-year lease. This arrangement lowers upfront capital costs and allows Reef to accelerate development plans into the second phase and generate significant revenue's immediately after commissioning.

- A complete HYSIM (hydrological simulation model) gas-process analysis was conducted using current Ausable gas analysis utilizing the equipment described above and indicated an NGL output of 48 barrels per million cubic feet or total production of 194 barrels per day of C3-plus liquids based on a thoughput of four million cubic feet per day.

- Reef has determined that the Ausable reef production and ultimate recoveries can be maximized using radial drilling versus horizontal drilling. This approach will save the company $2.65-million in upfront capital costs and contribute to accelerating its development plans into the planned second phase.



About N.A. Energy Resources

N.A. Energy Resources is an exploration and production company which manages oil and gas funds focused around sustainable distressed oil and gas fields. The company's proven management expertise and fund management promises to create a paradigm shift in the production of abandoned and distressed properties in North America to utilize returns for the funds and its shareholders. The company has recently syndicated a $10-million fund with a focus on secondary distressed fields in eastern Kentucky. A new fund, Permex Petroleum LP, is expected to be launched in September, 2013, focused on multiple geographical properties with different asset class characteristics to diversify the fund.

The transaction is subject to Toronto Stock Exchange approval and board approval by Reef, ERC and Solo Oil.

We seek Safe Harbor.

[hbg55]

Antwort auf Beitrag Nr.: 45.582.135 von SteirerMan am 07.10.13 17:05:47

thx SM - liest sich ausserordtl. viiielversprechend......IMO


denke, daß wir hier gute chancen auf ne jahres- end- rally haben - DAS
kann zum MEILENSTEIN werden

[hbg55]

Antwort auf Beitrag Nr.: 44.233.420 von hbg55 am 09.03.13 14:45:08

...vergangenen freitag sahen wir schon eine erfreuliche vol.- steigerung -
sehen wir mit wochenstart eine fortsetzung des KAUF- int..........chartbild
sieht schon mal viiiielversprechend aus

[SteirerMan]

hi h5!


...ja das sah wirklich guuut aus, nur bis hierher hat sich wenig bis nichts getan

Wenig - es gab eine "Application for Management Cease Trade Order" (siehe unten oder auf Seda) und nach versäumnis der Frist wurden wir downgegradet
Nichts - seitdem sind wir vom handel ausgesetzt


Doch am Ende des Textes sieht man das Licht am Ende des Tunnels







Reef Announces Application for Management Cease Trade Order


November 20, 2013 - Calgary, Alberta – Reef Resources Ltd.("Reef" or the "
Corporation") (TSX VENTURE:REE) announces that it has made an application to the Alberta Securities Commission to approve a temporary management cease trade order ("MCTO") under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"), which, if granted, will prohibit trading in securities of the Corporation by certain insiders of the Corporation, whether direct or indirect. The Corporation is unable to file its annual financial statements for the year ended July 31, 2013, its interim financial statements for the period ended
October 31, 2013 and the management’s discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for each of these periods(collectively, the "Required Filings") before their respective November 28, 2013 and December 30, 2013 filing deadlines (the "Filing Deadlines").

Reef's failure to file the Required Filings before the Filing Deadlines is a result of delays in obtaining the funding necessary to retain an auditor and related accounting services. The corporation is actively securing additional financing and expects to have the financing completed by December 16, 2013 and expects the auditor and accountant to complete the annual and interim financial statements within 6 weeks of the closing of the financing.

The Corporation anticipates that it will be a position to remedy the default by filing the Required Filings by January 28, 2013. The MCTO will be in effect until the Required Filings are filed.

The Corporation intends to satisfy the provisions of the alternative information guidelines set out in section 4.3 and 4.5 of NP 12 - 203 so long as the Required Filings are outstanding.

The Corporation has not taken any steps towards any insolvency proceeding and the Corporation has no material information to release to the public.

[SteirerMan]

Antwort auf Beitrag Nr.: 46.655.147 von SteirerMan am 19.03.14 03:11:37

...und siehe da, endlich bekommen wir wenigstens ein paar infos. gar keine schlechten, aber man weiß nix genaues


klingt auf jeden Fall guuuuut - die Details werden zeigen wo wir stehen!!


Und ich finde der Arnie macht trotz jeder menge turbolenzen einen wirklich guuuten professionellen job!! "Danke Arnie" (falls du das lesen solltest)





Reef enters financing deal for Ausable reef project

2014-03-13 13:00 ET - News Release

Mr. Arnie Hansen reports

REEF RESOURCES STATUS REPORT AND CORPORATE UPDATE

Reef Resources Ltd. management continues to pursue a number of financing sources and options in order to develop its Ontario Ausable reef EOR project and to pursue other attractive opportunities. The company firmly believes that the abundance of information in its possession, including geological, petrophysical and seismic data, in addition to production history completed in the past, supports continuing efforts to seek development financing for its Ausable pinnacle reef project in Ontario.

To that end, Arnie Hansen, president, chief executive officer and director, announced today Reef has executed a non-exclusive financing agreement with Pacific National Capital, Newport Beach, Calif. The agreement provides for PNC to arrange financing for the development of Reef's Ontario asset as well as additional financing for future acquisitions to enhance Reef's property portfolio. "We have identified a number of financing sources to partner with us on the Ontario project, including but not limited to Pacific National Capital, Newport Beach, Calif. The corporate strategy being implemented is to acquire one or more stable cash-flowing assets while continuing to develop our Ontario asset which requires modest developmental capital to reach positive cash flow," Mr. Hansen said. Information on Pacific National Capital can be viewed at its website.

Reef is also engaged in discussions to renegotiate with N.A. Energy Resources Corp. a previously announced financing agreement for the Ontario Ausable reef project. As announced on Oct. 13, 2013, ERC and Reef entered into a non-binding offer to purchase agreement. Under this agreement ERC would purchase a 20-per-cent working interest in Reef's Ontario assets. ERC will also seek to acquire a 28.56-per-cent working interest from Solo Oil PLC. The anticipated revised closing of the transaction is now June 30, 2014. After closing ERC would hold a 48.56-per-cent working interest in Reef's existing assets in Ontario. "Our discussions with ERC have been very positive and they understand that if another source of financing comes forth prior to completion of its fundraising, we will need to look seriously at that source," Mr. Hansen said.

Mr. Hansen added: "The market environment and other circumstances have presented a number of attractive acquisition opportunities. Reef, with its cadre of industry consultants, has identified prospective producing property candidates in the Western Canadian basin as well as a significant opportunity in the United States. To augment and enhance value for our shareholders, we are evaluating additional projects in Alberta, which are specifically cash flow positive and represent significant upside with landholdings and multiple development drilling targets. We feel Reef has accumulated a significant knowledge base regarding EOR-type projects, and we will actively seek opportunities and property acquisitions that leverage off this expertise. We intend to make announcements in the very near future on the particulars of these opportunities as terms are finalized and agreements are executed."

We seek Safe Harbor.

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