May 9, 2005
SOFTROCK MINERALS RELEASES RESERVES REPORT
Softrock Minerals Ltd (SFT on the TSX Venture Exchange) has filed its reserve report on SEDAR for the end of 2004, (NI 51-101) as prepared by Trimble Engineering Associates Ltd of Calgary, Alberta. The reserve report states that the company’s share of proven plus probable oil is 178,800 bbls. with a present worth at 5% of $146,000 or at 10%, $123,000.
This is an increase in value over last year’s value of 48% due to higher oil prices plus pushing ahead the ultimate time when the wells will have to be abandoned.
Download the Softrock Oil Reserves report on SEDAR website.
On behalf of the Board of Directors
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