Deethree Exploration Reports Increase of 458% to 7.4 Million BOE in 2011 Reserve

- March 6th, 2012

Deethree Exploration Ltd. (TSX:DTX) reported the results from 2011 reserves prepared by Sproule Associates Limited.

Deethree Exploration Ltd. (TSX:DTX) reported an increase of 458% to 7.4 million boe in 2011 reserves prepared by Sproule Associates Limited.

As quoted in the press release:

HIGHLIGHTS

  • Total proved reserves have increased from 1.3 million boe at December 31, 2010 to 7.4 million boe as at December 31, 2011 representing a 458% increase; total proved plus probable reserves have increased from 1.6 million boe at December 31, 2010 to 9.7 million boe as at December 31, 2011 representing a 506% increase.
  • Increased proved plus probable crude oil reserves significantly to 4.6 million boe from 64 thousand boe at year end 2010.

Click here to read the Deethree Exploration Ltd. (TSX:DTX) press release.

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