Exploration & Production
DeeThree: Belly River Discovered Oil-in-Place Slated at 880 MMbbl
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DeeThree Exploration Ltd. has reported the results of a resource evaluation on and limited to DeeThree's Belly River assets located in the Brazeau area of Alberta as of July 31, 2013.
The resource evaluation was prepared by Sproule Associates Limited, the Company's independent reserve engineering firm. The evaluation was undertaken to quantify the future reserve potential of these assets.
Highlights of the evaluation include: Discovered oil in place of 880 MMbbl with a best estimate of the recoverable contingent oil resource of 88 MMbbl, with 67 MMbbl remaining after deducting the reserves produced and booked to July 31, 2013. Undiscovered oil in place of 468 MMbbl with a best estimate of recoverable prospective oil resource of 47 MMbbl. Best estimate of recoverable contingent…- ✓ Full news archive — U.S., Canada & international coverage
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