DeeThree Exploration Ltd. (Toronto: DTX.TO) has announced the average 30-day initial production rates of the significant Brazeau Belly River and Lethbridge Alberta Bakken horizontal wells drilled earlier this spring.

DeeThree announced the highest initial test rate to date from a Belly River horizontal well drilled in its Brazeau core property on April 8th, 2013. After more than 30 days of production this well has continued to flow up the 4 1/2" frac string and its average IP30 production rates were 1,150 bbls/d of oil and natural gas liquids and 500 mscf/d of sales gas. This well is currently producing at a rate of approximately 590 bbls/d of oil and natural gas liquids with a water cut of approximately 1% and 500 mscf/d of sales gas.

In addition, DeeThree announced the highest test rate to date from an Alberta Bakken horizontal well drilled in its Lethbridge core property on May 14th, 2013. This well has produced by a combination of flowing and pumping for more than 30 days and its average IP30 production rate was 1,190 bbls/d of oil. This well is currently producing at a restricted rate of approximately 570 bbls/d of oil with a water cut of approximately 3%.

DeeThree continues to maintain a very active drilling program on its Brazeau and Lethbridge core properties with two rigs currently drilling Alberta Bakken horizontals in the Lethbridge area and one rig currently drilling Belly River horizontals in the Brazeau area. To date in 2013, DeeThree has drilled 13 wells of a planned 31 well drilling program in its core properties.