Royal Dutch/Shell Cuts Reserve Estimates: RD, IWNN, PYOL, CRZO, HOFF.

0 Comments | M2 Presswire, February, 2005

M2 PRESSWIRE-4 February 2005-InvestSource Inc.: Royal Dutch/Shell Cuts Reserve Estimates: RD, IWNN, PYOL, CRZO, HOFF(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:02042005 Stocks in the News: Royal Dutch Petroleum Company (NYSE: RD), Irwin Energy Incorporated (OTC: IWNN), Pyramid Oil Company (OTC: PYOL), Carrizo Oil & Gas Incorporated (NASDAQ: CRZO), Horizon Offshore Incorporated (NASDAQ: HOFF) Royal Dutch Petroleum Company (NYSE: RD) shares dipped 0.67 yesterday, finishing off the day at $59.51 per share with above average volume trading.

Royal Dutch/Shell on Thursday made what appeared to be its final cut to proven reserves estimates with an additional 500 million barrels of oil now seen as unproven. But the oil major also doubled fourth-quarter adjusted...

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