Baytex Energy Trust (TSX:BTE.UN)(NYSE:BTE) reported the company’s year-end 2009 reserves as evaluated by Sproule Associates Limited the independent reserves evaluator for all of Baytex’s oil and gas properties, in accordance with National Instrument 51-101.
The press release is quoted as saying:
Our year-end 2009 report reflects continued growth in our heavy oil reserves to 145 million barrels of proved plus probable reserves, an increase of 18% over 2008, and 97 million barrels of proved reserves, an increase of 12% over 2008.
