Boulder will focus on light-oil production at DeeThree's Belly River development in the Pembina-Brazeau area of Alberta. Granite will focus on the original company's Alberta Bakken gas-injection enhanced oil recovery project in the southern part of the province.
Each company will have its own independent management and technical teams and separate board of directors, DeeThree said in a statement.
"The reorganisation will create two independent, pure play oil companies which will pursue different business strategies which better reflect the unique nature of the two different asset bases within DeeThree," the company said.
"The
