Exploration & Production | Operational Updates
DeeThree Proving Belly River with Latest Results
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DeeThree Exploration Announces $70 Million Bought Deal, Acquisition of Over 70 Sections of Alberta Bakken Lands, Operations Update and Increase in Credit Facility.
Brazeau Belly RiverThe Company has now received extended production data on the first round of down-spaced wells drilled on its Brazeau Belly River Property, each offsetting significant oil producing wells that were drilled in 2013.
These new wells had an average IP30 rate of 818 barrels of oil per day (range of 535 to 1,102 bbl/day) and in combination with positive pressure data, continued to further prove the size and potential of the resource. With these new data points the Company is strongly encouraged of the development possibilities and subsequent risk profile of its development plan in all of the sands in the area on a…
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