CALGARY, April 27 /CNW/ - Diaz Resources Ltd. (TSX: DZR) wishes to announce that it is giving a corporate presentation at the CEEPIC (Canadian Energy Explorers & Producers Investment Conference) Energy Spring Conference in Toronto on Wednesday, April 28th at 11:00 a.m. (EDT).
The audio portion of the presentation will be webcast live by the CNW Group and may be accessed by entering http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3052500 into your web browser. In addition, a copy of the presentation and a current corporate profile has been posted to the Diaz website at www.diazresources.com.
At Lloydminster, Alberta, facility construction is underway at its heavy oil pool for three additional wells that were drilled in Q1 2010. The wells are anticipated to be on production by early May 2010. Diaz holds a 50% interest in the seven wells in Section 18-48-01 W4. Four wells are currently on production with rates ranging from 15-50 bb/d.
In addition, Diaz confirms that it has acquired six additional leases prospective for heavy oil accumulations in Alberta and Saskatchewan. Each prospect has already been evaluated by existing vertical wells which penetrated oil zones, demonstrated by electric log evaluation or from production tests. An evaluation of these prospects will begin in the summer of 2010. Diaz holds working interests ranging from 50-80% in the acreage and is the operator.
Diaz is an oil and gas exploration and production company based in Calgary, Alberta. Diaz's current focus is on oil development and exploration in Alberta and Saskatchewan.
ADVISORY: This press release contains forward looking statements. Although Diaz believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Diaz can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.
The forward looking statements contained in this press release are made as of the date hereof and Diaz undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
NEITHER THE TORONTO STOCK EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TORONTO STOCK EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE DIAZ RESOURCES LTD.
For further information: For further information: Robert W. Lamond, Chairman - or - Donald K. Clark, Chief Operating Officer, DIAZ RESOURCES LTD., Telephone: (403) 269-9889, Fax: (403) 269-9890, Website: www.diazresources.com, Email: email@example.com, TSX: DZR