23 July 2014resource reserve update▲ GoodMajor
Hinto announced an independent reserve study by SanTech Upstream, LLC on its Mason Lake field in Montana: a PV-10 (estimated present value of the reserves) of about $3,279,842, about 14.8 years of remaining life at a 13% decline rate, and a 95% working interest held by Hinto. Management says rework has raised production. The release does not give current production figures, and the study results are an estimate by the company's consultant. This puts a number on the Montana assets bought in June 2013.