Exploration & Production | Well Cost | Production Rates | EOR | Drilling Program
DeeThree Planning Further Well Cost Reductions
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DeeThree Exploration Ltd has released its financial and operational results for the year ended December 31, 2014.
Operational Update Brazeau Belly River propertiesResults have exceeded expectations and DeeThree has maintained production levels at its Brazeau Belly River properties with a minimum level of expenditure.
The Company has constrained its spending in the first quarter of 2015 by drilling 3 gross (3.0 net) wells, two of which have been completed to date, compared to the 8 gross (8.0 net) wells originally planned to be drilled. Despite a scaled back drilling program, the average daily production volume from its Brazeau Belly River properties throughout the first three months of 2015 is anticipated to be between 8,200-8,400 BOE/d, in-line with the average daily production volumes…
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