Reef Resources Ltd. (REE)

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Reef Resources Ltd (CVE:REE) Exploration Update Pushes Share Price to a New... April 14, 2011

Reef Resources Ltd (CVE:REE) force pushed up more than 64% after the company announced satisfactory drilling results for its oil and gas property. Petrophysical analysis done on the Ausable #5 well, on Guelph and A2 formations in Ontario, showed 72 meters net pay of oil and natural gas. Further hole and flow tests will be performed on the well and comprehensive core analysis is planned for the near future before the Ausable #5 well can be put on production. Stock price shot up...read more