DeeThree Exploration is pleased to announce its financial and operational results for the three and six months ended June 30, 2013. DeeThree continued to deliver impressive financial and operating results during the three months ended June 30, 2013. Operational Update Continued drilling success in DeeThree's Alberta Bakken and Belly River light oil [...]
DeeThree Exploration is pleased to announce the average 30-day initial production rates of the significant Brazeau Belly River and Lethbridge Alberta Bakken horizontal wells drilled earlier this spring. DeeThree announced the highest initial test rate to date from a Belly River horizontal well drilled in its Brazeau core property on April 8th [...]
DeeThree today announced that it has appointed Mr. Kevin Andrus as an independent member to its Board of Directors. Mr. Andrus is the Portfolio Manager of Energy Investments with GMT Capital Corp., a private investment company based in Atlanta, Georgia. A graduate of the Masters of Business Administration program from Regis University, Mr. Andrus [...]
DeeThree today announced the results from its 2013 annual and special meeting of shareholders held on May 16, 2013 in Calgary. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 8, 2013, a copy of which being available on the Company's website under "Invest - AGM" at [...]
Throughout the first quarter of 2013, the Company invested $41.6 million principally directed at its winter drilling program. Drilling activity included the rig release of 6.0 gross (5.9 net) wells on the Brazeau Belly River property, one 100% working interest well on the Ferguson Alberta Bakken property and 1.0 gross (0.29 net) non-operated well [...]
DeeThree is pleased to announce that its current syndicate of lenders have committed to an increase to the Company's credit facility to $135 million from $90 million. The increase in the credit facility is expected to be finalized in late April 2013. As a result of better than expected, and generally improving, drilling results, the Company has [...]
DeeThree is pleased to announce the results of a four day production test of its most recent horizontal Belly River oil well in its Brazeau property. The Company has a 100% working interest in the well. After fracture stimulation, the well continued to flow for four days up the 4 1/2" frac string at an average rate of 1770 bbls/d of 44° API [...]
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