Greenfields Petroleum Corporation

11:14 AM EST - Greenfields Petroleum Corporation : Announced the Company's oil, natural gas and natural gas liquids reserves as at December 31, 2017, as evaluated by an independent engineering firm, GLJ Petroleum Consultants Ltd., in an independent report. As at December 31, 2017, the total proved reserves of the Company were evaluated at 36,766 Mboe net to the Company through its interest in Bahar Energy Limited, which is an increase of 51% over year-end 2016, and the total proved plus probable reserves were evaluated at 53,171 Mboe net to the Company, an increase of 33% over year-end 2016. The net present value of proved reserves discounted at 10% was $261 million net to the Company at year-end 2017 (an increase of 88% from year-end 2016), while the PV10 of the proved plus probable reserves was $537.6 million (an increase of 69% from year-end 2016). Greenfields Petroleum Corporation shares V.GNF are trading unchanged at $0.14.