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Xtra Energy Announces NI 51-101 Contingent Resource And Commerciality Factors Report
Xtra Energy Announces NI 51-101 Contingent Resource And Commerciality Factors Report.
About this update from Xtra Energy Corp.
[{"type":"text","content":"\n\n\n\n\n\n\n\nXtra Energy Announces NI 51-101 Contingent Resource And Commerciality Factors Report\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nXtra Energy Announces NI 51-101 Contingent Resource And Commerciality Factors Report\n\nPR Newswire\n\nFORT LAUDERDALE, Fla., Feb. 27, 2013\n\n\n\n\n\n\n\nFORT LAUDERDALE, Fla., Feb. 27, 2013 /PRNewswire/ -- Xtra Energy Corp. (Pinksheets: XTPT) is pleased to announce the results of a NI 51-101 Contingent Resource Report on estimated recoverable oil volumes on its Pasquia Hills oil shale permit. \n\n\nChapman Petroleum Engineering Ltd. www.chapeng.ab.ca has confirmed and updated prior estimates of recoverable oil distillate volumes and completed an NI 51-101 Engineering Evaluation Report of Contingent Resources and Commerciality Factors on Xtra Energy's Pasquia Hills oil shale permit located in northeastern Saskatchewan.\n\n\nThe resources estimates provided in the NI 51-101 Engineering Evaluation Report were evaluated by Chapman Petroleum Engineering Ltd., a certified reserves evaluator and auditor. The NI 51-101 Evaluation Contingent Resources and Commerciality Report (the \"Resource Report\"), used assumptions and methodology guidelines outlined in the Canadian Oil and Gas Handbook (\"COGE Handbook\") and in accordance with National Instrument 51-101 \"Standards of Disclosure for Oil and Gas Activities\" (\"51-101\").\n\n\nThe NI 51-101 Resource Report is intended to provide general information on the oil shale industry and to better inform and educate the public of the potential of Xtra Energy's identified oil shale deposit at Pasquia Hills. The Resource Report also includes a sensitivity analysis of the basic parameters for commerciality of a Shale-to-Liquids Plant Facility and project and to assist the Company in planning its future development activity. \n\n\nChapman Petroleum Engineering Ltd. has evaluated and reported the following estimates of gross contingent resources for Xtra Energy's Pasquia Hills oil shale permit and identified deposit:\n\n\n\n\nBest Estimate: &nb...