Monterey Exploration Ltd. (TSX:MXL) reported its reserves as at December 31, 2009 and its 2009 average production rates, cash flow and year end net debt.

The press release is quoted as saying:

Monterey is very encouraged by operational results to date on its natural gas project at Groundbirch in north east British Columbia. The Corporation is continuing to evaluate the ultimate potential of this asset and is targeting the commissioning and start-up of a 28 million cubic feet per day natural gas processing facility for the Groundbirch project within the next 12 months.

Click here to access the entire press release ^[1]

Click here to access Monterey Exploration Corporate Site ^[2]