Vintage Petroleum punished by Canadian reserve write-down
Gary Park Petroleum News Calgary correspondent
Vintage Petroleum has joined the lengthening list of companies to make a hefty reduction in their Canadian reserves, blaming the write-down for its net loss for 2003 of US$241 million.
The negative Canadian revisions for the Tulsa, Okla.-based company, were 26.3 million barrels of oil equivalent.
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