RE: RE: RE: Another Well for Torc stones throw awa No there was two farm outs. A northern one to Torc and a southern one to an "unamed major oil and gas company". The April 18 farmout was cancelled.
From the looks of it the most success has been on an axis between Torc's land at Pearce, Monarch etc. to D3's land at Ferguson. Hard to know for sure obviously with no solid numbers.
"The farmee under the Farmout and Joint Venture agreement described in DeeThree news release of April 18, 2011 has elected to terminate the agreement after having drilled only one well of the four well commitment"
Link to original, cancelled farmout- https://www.deethree.ca/assets/content/investorpages/pressreleases/Farmout%20-%20April%2018%202011%20(Final).pdf
Link to Torc Farmout- https://www.deethree.ca/assets/content/investorpages/pressreleases/DeeThree%20Accelerates%20Bakken%20Exploration%20With%20Joint%20Venture%20Agreement%20On%20Its%20Northern%20Lethbridge%20Lands_June%2027%202011.pdf
Notice the Murphy comments from their Q4 in this article. Is their sixth well on the Blood lands? I think it is but I'm not sure.
https://www.oilandgasinquirer.com/article.asp?article=magazine%2F120319%2FMAG2012_MJ0000.html
Anyways its all quite exciting and gives me more hope that this play is on the verge of being cracked.