Saskatchewan is Ready for Final Geothermal Power Feasibility Engineering – 53 Day Large Volume Production and Injection Test Successful – First in Canada
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce that it has successfully completed Canada’s first large volume production and injection test on its 100% owned geothermal power project. This test was required to acquire the reservoir data needed to finalize the well design for Canada’s first 20MW commercial geothermal power […]
DEEP Closes Oversubscribed Private Placement of $5,576.450
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce the closing and oversubscription of its $5 million private placement offering launched on November 25th, 2020. On January 25th, 2021, DEEP closed this private placement with an oversubscribed total of $5,576,450. The company received subscriptions for 6,788,600 units of the Company (each […]
DEEP APPOINTS GEORGE E. LAFOND AND ROB NORRIS AS SPECIAL ADVISORS
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce the appointment of George E. Lafond and Rob Norris as Special Advisors. George E. Lafond’s professional life has been shaped by four decades of a successful public service career, as a trusted advisor to the Federal, Provincial, Civic and Tribal Governments. The […]
DEEP ANNOUNCES NEW PRIVATE PLACEMENT OFFERING
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce a private placement for subscription by qualified investors of up to a maximum of CAD$5,000,000 consisting of a concurrent unit offering and flow-through share offering. DEEP is offering 4,000,000 units (each a “Unit”) at CAD$0.75 per Unit, for gross proceeds to the […]
DEEP ACHIEVES OUTSTANDING FLOW RESULTS IN HORIZONTAL WELL TEST & TOM KISHCHUK APPOINTED COO
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce the results of the Border-5HZ horizontal well. This is the deepest horizontal well in Saskatchewan’s history and the first 90° horizontal fluid production well in the world to be drilled and hydraulically stimulated for geothermal power generation purpose. The open hole well […]
CANADA’S FIRST GEOTHERMAL PRODUCTION AND INJECTION WELL TEST EXCEEDS EXPECTATIONS – FIRST 20 MW FACILITY IN DESIGN PHASE
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce that the spring/summer flow testing program indicates the temperature and flow rates from the geothermal reservoir in the Deadwood Formation are sufficient to support multiple geothermal power facilities. DEEP will commence drilling this month with the deepest horizontal well to date in […]
DEEP DRILLS 4 NEW GEOTHERMAL WELLS AND INCREASES SUBSURFACE RIGHTS BY 700%
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce that the 2019-2020 winter drilling and testing program is complete. DEEP drilled four new wells to further define the geothermal field reservoir parameters and test 3D seismic and airborne geophysical data. These are the deepest wells ever drilled in Saskatchewan. The first […]
DEEP GEOTHERMAL DELINATION DRILLING IN PROGRESS
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce that the 2019-2020 winter drilling and testing program is underway. DEEP intends to drill up to 5 stratigraphic wells by the end of March 31, 2020, to further define the field’s geothermal reservoir parameters. Drilling contracts have been awarded to Saskatchewan based […]
DEEP TESTING AND DRILLING PROGRAM UNDERWAY, PRIVATE PLACEMENT OVERSUBSCRIBED
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce that the 2019 field testing and drilling program is now underway. DEEP will be conducting an initial flow and build test into a tank farm comprised of 27 tanks for 3 days. During the flow test, multiple samples of brine, gas, and […]
DEEP ANNOUNCES PRIVATE PLACEMENT OFFERING
DEEP Earth Energy Production Corp. (the “Corporation” or “DEEP”) is pleased to announce a private placement for subscription up to a maximum of $5,000,000 or 10,000,000 share units. Each unit is comprised of one (1) Class “A” common voting share of the Corporation (each a “Common Share”) having an issuance price of $0.50, and one […]