11:33 AM EDT, 03/12/2024 (MT Newswires) -- Strathcona Resources Ltd. ( STHRF ) overnight Monday reported year-end 2023 reserves, with total proved plus probable reserves growing 1% per share year over year to 2,612 million barrels of oil equivalent (MMboe).

Proved developed producing reserves rose 19% per share year over year to 339 MMboe while proved reserves gained 1% per share to 1,489 MMboe.

Proved reserves PV-10 after tax net of debt was $51.13 per share, a 6% increase from the previous year.

Strathcona at last look rose 2.9% in early Tuesday trading.

Price: 25.75, Change: +0.73, Percent Change: +2.92