Diaz Resources begins drilling sixth horizontal oil well at Lloydminster

Diaz Resources Ltd. announces that drilling operations have begun on the sixth horizontal location, 11B2 Lloyd 11-18-48-1 W4, on its developing Lloydminster oil play in Alberta, Canada. Diaz holds a 50% working interest in the project. 

The fifth horizontal well 11B Lloyd 11-18-48-1 W4 was drilled and a 667 meter horizontal section in the Lloydminster formation was cased. Oil saturated sand and free oil shows were encountered throughout the horizontal section. 

These two wells are part of the previously announced five well program scheduled for the first quarter of 2010. 

Diaz received approval from the ERCB for a holding which allows for up to 64 wells to be drilled on section 18-48-1 W4.

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