Desmarais is a junior oil and gas exploration and production company
primarily focused in West Central and South East Alberta. In Barrhead
(West Central Alberta), the Company has a balanced portfolio of shallow
to medium depth exploration and development plays targeting medium
gravity sweet crude oil and multi-zone liquids-rich natural gas.
Most recent success was a new pool oil well with a number of
development locations supported by 3-D seismic control. More than $3.5
Million has been invested in lands, infrastructure and seismic. At Virginia
Hills (West Central Alberta), Desmarais has an interest in the Beaverhill
Lake light oil resource play, with the first well to be drilled on these lands
in Q1 2013.
Current production is approximately 50 BOEPD (barrels of oil equivalent
per day) (35% oil). Production is 68% operated with varying working
interests averaging 34% in 27 wells. There is also optimization and
exploitation potential of five additional wells (100% WI).
Desmarais has an average 68% working interest in more than 20,440
total acres of prospective lands or 32 sections of land.
Management has been responsible for the drilling and completion of
more than two thousand wells during their careers in the oil and gas
industry. Management has more than three decades of experience
individually with both Majors and Juniors.
Apr 30 2013 Desmarais Updates Activity, Files
December 31, 2012 Annual Financial
Statements, MD&A, and NI51 – 101
Feb 262013 Desmarais Updates Virginia Hills
Aug 8 2012 Desmarais Annouces Closing of
Non-Brokered Private Placement PDF