Joint Venture between Big Sky Petroleum; American Eagle and FX Energy
Completes Lateral Fracture Stimulation of Well 14-29

 Big Sky Petroleum Corporation (TSX VENTURE:BSP) has completed fracture stimulation of its first well, (14-29) completed the vertical drilling and casing of its second well (15-13), permitted for a third well (4-3) and is working on permitting for a fourth well (81-4).

The 14-29 Well located in Sec 29-35N-1W of Toole County, Montana has been fracture stimulated and is currently undergoing testing and evaluation.

The approximate 4,100 feet lateral section targeted the Middle Bakken Formation.

Further results are expected to be received in March.

This data will determine the potential economics of this well and will also be used for planning fracturing completions for future wells including the 15-13 Well.

The 15-13 Well is located approximately 3 miles south-west of the 14-29 Well and was vertically drilled and cased.

The next operation planned for this well is horizontal drilling and completion including a planned 26 stage fracture stimulation.

This operation is scheduled for the second quarter.

Permitting has been obtained on a new well - the 4-3 Well - which is anticipated to be spud in the second quarter.

The 81-4 Well is another new well located in Glacier County, Montana, and is expected to receive permitting approval by the end of March.

Once approval for the 81-4 Well has been obtained, the first phase of drilling this new well will be completed.

Big Sky previously re-entered, deepened, and stimulated the 81-3 Well which confirmed the presence of oil and provided the basis for drilling the 81-4 Well.

DEETHREE ANNOUNCES SIGNIFICANT BAKKEN DISCOVERY WELL

DeeThree Exploration Ltd.

has released the results of its fifth horizontal Bakken well on its Lethbridge property.

This Bakken well was drilled on the eastern portion of its Lethbridge property to a planned total depth with a horizontal lateral of approximately 970 meters in a significant porous Bakken target zone.

The horizontal lateral was successfully fracture stimulated, placing 112 tonnes of sand over 14 stages using an energized water based system.

After stimulation, the well was flowed for clean-up for four days up the 4 1/2" frac string with final stabilizing flowing rates of approximately 550 bbls/d of 30 degrees API reservoir oil and 60 mscf/d of natural gas.

Final water cuts were approximately 10% with further remaining load water from the fracture stimulation to be recovered.

The well is currently shut-in in order to remove the frac string and install a smaller diameter production string.

The well is expected to be placed onto production shortly after which it will undergo addition testing and evaluation procedures.

The well will be tied-in to DeeThrees extensive oil and gas processing infrastructure.

The well is located approximately 35 kilometers from DeeThrees original Bakken discovery well.

DeeThree is very pleased with the results of its Bakken exploration and development program on its Lethbridge property to date.

DeeThrees greatly increased understanding of the Bakken play derived from the 2011 four well Bakken test program and its extensive 3D seismic has resulted in a more targeted approach to drilling on its acreage.

This has resulted in DeeThrees most significant Bakken discovery well to date.

Over the course of the six months preceding the drilling and completion of the this well, DeeThree strategically added to its extensive land position in the Bakken fairway through its acquisition of an additional 17 sections of crown land that are on trend with this discovery well.

DeeThree will continue to delineate this exploration discovery using its in-house geotechnical knowledge with follow-up drilling locations that are currently in the licensing process.

The Bakken play will continue to be a primary focus of DeeThree.