10:07 AM EST - Sprott Resource Corp. : announced a reserve update for its 81% (basic interest) owned subsidiary Waseca Energy Inc. and the commencement of a process to review strategic alternatives available to the Company. The team at Waseca has performed very well this year, growing production from 1,050 bbl/d at year-end 2010 to 3,000 bbl/d today and increasing the net present value of its oil and gas properties from $108.9 million at year-end 2010 to $333.9 million as at September 30. Sprott Resource Corp.
shares T.SCP are trading up $0.01 at $4.06.
