Diaz Resources reported that its three recently drilled horizontal heavy oil wells, at Lloydminster, Alberta, have now been on production for 30 days and are averaging a combined rate of 200 barrels of oil per day.

The new wells bring production from the Diaz operated pool to approximately 350 barrels of oil per day. Diaz has a 50% working interest in the Lloydminster pool and anticipates that additional development drilling will commence in the 4th quarter of 2011.

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