Deep Well and its subsidiaries are pleased to announce that the first of the planned seven wells has been completed at a depth of 680 meters (2,231 feet). It was determined that the well has a total net pay of 11.5 meters (37.7 feet) crude bitumen.
Results of the core analysis will be available in the new year. The drilling of the second well, situated at 9-16-092-13-W5, has commenced and the depth to be drilled is 680 meters (2,231 feet).
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