11:44 AM EST - Pace Oil & Gas Ltd. : announced its 2010 year-end reserves highlighted by significant additions to crude oil reserves and a large overall increase in the proved producing category. Pace grew its proved plus probable reserves ("P+P") to more than 67 million barrels of oil equivalent weighted 49% to oil and natural gas liquids (32,554 mboe). The Company added reserves at a strong finding and development cost of $12.00/boe for proved (including changes in Future Development Costs -"FDC") and $17.20/boe for P+P (including changes in FDC). Pace Oil & Gas Ltd.
shares T.PCE are trading up $0.29 at $9.25.
