ARC cautions that huge estimates of Cardium reserves are premature

摘要

The second-largest operator in the Pembina Cardium warned against "outrageous" reserves claims in the emerging unconventional light oil play. "We don't have enough information yet to tell what the reserves on an individual well will be," John Dielwart, president of ARC Energy Trust, told shareholders at its annual meeting in Calgary on May 18.