Exploration & Production | Top Story | Quarterly / Earnings Reports
DeeThree Eyes 500 Alberta Bakken, Belly River Well Locations
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DeeThree Exploration Ltd. has reported its financial and operational results for the three and six months ended June 30, 2013.
Operational UpdateContinued drilling success in DeeThree's Alberta Bakken and Belly River light oil resource plays resulted in substantial production growth in the second quarter. Throughout the quarter, the Company focused on the delineation of the oil resources of its Alberta Bakken and Belly River light oil resource plays and as a result, the well location inventory on these two plays has increased to 500. We also expanded our pipeline and facility infrastructure in order to accommodate anticipated future production increases.
At the end of the first half of 2013, DeeThree had realized production volumes from only 11 wells drilled in the period. The third…
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