09:57 AM EST - Fairborne Energy Ltd. : provided its 2010 year-end reserves and an operational update. 2010 Reserve Highlights: Proved developed producing reserves increased 24% to 30 MMBOE; Total proved reserves increased 25% to 50 MMBOE; Proved plus probable reserves increased 15% to 73 MMBOE; Finding and development costs were $12.34 per BOE for proved and $14.90 per BOE for proved plus probable reserves, excluding change in future capital ($17.17 per BOE for proved and $17.59 per BOE for proved plus probable reserves, including change in future capital). Fairborne Energy Ltd.
shares T.FEL are trading up $0.02 at $5.45.
