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Stocks in play: kkuma Resources Corp.

Baystreet.ca
Updated

Announced its 2017 year-end reserves. The company increased Proved Developed Producing reserves by 316% to 56.8 MMBOE at December 31, 2017 from 13.6 MMBOE at December 31, 2016. Increased PDP net present value to $301 million ($2.75 per share) at year-end 2017 at a 10% discount rate using a consensus price deck from four independent qualified reserves evaluators from $104 million ($1.10 per share) at year-end 2016. Ikkuma Resources Corp. shares V.IKM are trading unchanged at $0.28.