Building on the operational and exploration success of 2012, DeeThree Exploration Ltd. plans a 2013 capital program of approximately $150 million focused on increasing oil production from its Alberta Bakken property in the Lethbridge area of southern Alberta and its Belly River property in the Brazeau area of central Alberta. DeeThree is forecasting its 2013 production to be within the range of 6,800 boe/d - 7,000 boe/d (76% crude oil and liquids, 24% natural gas) with a targeted exit of 8,500 boe/d - 9,000 boe/d (81% crude oil and liquids, 19% natural gas) as compared to the 2012 average production of approximately 4,230 boe/d (65% crude oil and liquids, 35% natural gas). 20 Alberta Bakken wells and 11 Belly River wells are planned to be drilled in 2013.

The company is planning for 5 exploration wells and 26 development wells; funds flow from operations for 2013 is forecast to be approximately $100 million. The corporate oil price differential is forecast at 20% of WTI, which reflects the current market environment. The company expects to improve on these differentials by increasing crude oil deliveries on rail; company's balance sheet is forecast to remain strong, with projected year end net debt to fourth quarter annualized cash flow of approximately 0.8 to 1.0; the company currently has 1,500 boe/d of crude oil hedged at an average floor of $90.00 US WTI.