DeeThree Exploration Ltd. announces results from its latest Alberta Bakken horizontal well 11-20-3-16 W4M. This is the first well designed specifically to optimize the Company's ongoing gas re-injection Enhanced Oil Recovery ('EOR') scheme. The 2,000 meter horizontal lateral well was drilled in the base of the Alberta Bakken zone within the core EOR scheme area and near where the Company has been re-injecting produced Bakken gas with a high CO2 content since July, 2013.
At the end of a five day production test, the well continued to flow at approximately 1,000 bbls/d of 30° API oil and 500 mscf/d of natural gas at a flowing wellhead pressure of 300 psi. The significant rate and, more specifically, the low gas to oil ratio ('GOR') of the production further demonstrates the efficiency and effectiveness of DeeThree's gas re-injection EOR scheme. To date, the Company has not seen any material gas breakthrough or increasing GOR's in existing wells.