Diaz Resources Ltd. reported that the first well drilled in the three well horizontal Dina heavy oil well development program at Macklin, Saskatchewan began production on March 8, 2012. The well is currently producing at a rate of 110 BOPD.

The success of this key well has significantly expanded the Macklin Dina oil pool, based on the Company's geological and geophysical interpretation. The well was drilled immediately to the north of the four currently producing Macklin oil wells, testing a section of mineral rights acquired by Diaz in late 2011.

The second well in the program has been drilled and cased and is awaiting the third well to finish being drilled prior to completion. The third well began drilling on March 11, 2012. The last two wells in the program are expected to be on production by March 23, 2012.

Tags: Diaz Resources