TWO GAME-CHANGING OIL PLAYS BELIEVE IT January 2014
Market Facts January 2014 TSX Symbol: DTX OTCQX: DTHRF Common Shares Outstanding: Basic 81.5 MM Fully Diluted 88.1 MM Insider Holdings: Basic: 19% Fully Diluted: 23% Market Capitalization: 733.5 MMM (9.00 / share *January 2nd…
2014 Budget 2013 Est. Exit Production: 10,000 boe/d Oil & NGLs 80% Gas 20% Reserves (P+P): December 2012 20.2 MMboe Two Oil Plays: Alberta Bakken Belly River Guidance: 2014 CAPEX 230MM Alberta Bakken 18 Wells Belly River 28 Wells…
Focused Light Oil Asset Base BRAZEAU: Belly River 60,000 gross acres (approx) LETHBRIDGE: Bakken & Sunburst 217,000 gross acres PEACE RIVER: Montney, Doig & Charlie Lake 100,000 gross acres 6
Brazeau - Belly River Belly River Light Oil Resource - Play Expansion Light oil resource play 42- 44 API DTX Operated; high W.I. (97%) 90 producing vertical wells Large contiguous land block of over 70 sections Significant…
Brazeau - Belly River: Multi Zone Potential 12 Year Horizontal Drilling Inventory Gamma Neutron/Density SP Resistivity Net 120 Pay C Zone Total Well 11.6 m 15% porosity 100 Locations...........338 D Zone 5.6 m Location…
Brazeau - Belly River: 2013 Wells 1600 Brazeau 2013 Horizontal Drills 1400 Type Curve Economics Well Cost: 4.5 MM 1200 Reserves: 275 Mbbl Rate of Return: 146.9 % Production boe/d 1000 Payout: 0.8 yrs 800 600 400 200…
Brazeau - Belly River: Improving Capital Efficiencies IP30 (boe/d) with Average Well Length (m) 600 4000 538 3500 500 Initial Production Rate (boe/d) Average Well Length (m) 3000 400 2,624 2500 300 266 2000 221 1,613…
Brazeau - Belly River: Moving to Development 2012 Brazeau Quarterly Production 3,000 4 different zones tested 2,500 2013 Play expansion in major 2,000 zones Delineation boe/d 1,500 2014 1,000 Move toward full pool development…
Southern Alberta Bakken 200,000 acres in southern Albertas Bakken Fairway Over 200 kms of infrastructure in place LEG Rail infrastructure available Current focus area in dark green; 100+ sections of land in the fairway…
Southern Alberta Bakken Major pool discovery in January, 2012 28 Bakken Hz wells drilled to date Focus Area Horizontal step out wells have confirmed a 14 mile x 4 mile pool (56 section area) 4 miles Contingent Oil Resources in…
Southern Alberta Bakken 2013 Wells 1000 900 Type Curve Economics Well Cost: 3.5 MM 800 Reserves: 400 Mbbl 700 Rate of Return: 146.15 % Production bbl/d Payout: 1.15 yrs 600 500 400 300 200 100 Payout 0 1 92 183 274 365…
Alberta Bakken Secondary Recovery Alberta Bakken Pilot Gas Injection EOR Scheme 10000 10000 Start Gas injection in Injected Gas Rate (mcf/d) July 2013 Oil Rate (bbl/d) 1000 1000 30% Oil Increase Wells Included in…
Why Invest In DeeThree Expansive land base and large horizontal drilling inventory within the Alberta Bakken light oil play Large inventory of repeatable light oil drilling locations in the Brazeau Belly River play Development…
Meet The Team Martin Cheyne, President & Chief Executive Officer - Martin brings more than 30 years experience to DeeThree, having founded and led several companies including Dual Exploration Inc. and Devlan Exploration Inc. both of which…
Advisory Head Office 2200, 520 - 3rd Avenue S.W. Calgary, AB T2P 0R3 Tel: (403) 767-3060 Fax:(403) 263-9710 Website www.deethree.ca Auditors KPMG LLP Banker National Bank of Canada (Syndicate - ATB) Evaluation Engineers Sproule…
Analyst Coverage CIBC Adam Gill, CFA - 403.216.3405 Cormark Securities Inc. Jonathan Fleming 403.750.7209 Dundee Securities Ltd. Chad Ellison 403.509.2663 GMP Securities Aaron Swanson, CFA 403.543.3563 Macquarie Equities…