11:55 AM EST - Crocotta Energy Inc. : announced its 2012 year-end reserves as independently evaluated by GLJ Petroleum Consultants Ltd., in accordance with National Instrument 51-101. 2012 Highlights: Achieved all-in finding, development and acquisition costs, including changes in future development costs on a proved plus probable basis of $11.98 per boe; Increased Net Asset Value per share by 13% to $3.91 per share; Increased proved plus probable reserves by 29% to 38.1 million barrels of oil equivalent ("boe"); Increased proved reserves by 27% to 22.2 million boe. Crocotta Energy Inc.
shares T.CTA are trading down $0.04 at $2.96.
