Blackbird Energy Inc.: Reports Test Results from Third Montney Well at Bigstone
September 05 2012 - 8:00PM
Marketwired Canada
Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird"), is pleased to provide the
following Bigstone operations update.
DEI Bigstone Hz 13-33-60-22w5, (Blackbird 12.5% W.I. subject to a 2% GORR): the
production tubing string has been installed in the well bringing the final phase
of well completion operations to a close. The well is now ready for tie-in to
the Donnybrook operated Bigstone pipeline system. Construction of the surface
facilities and 1,300 metres pipeline installation is anticipated to commence in
mid October with an estimated on-stream date of early November. Blackbird has
fully funded its share of the AFE'd facilities and pipeline costs.
The well was flowed back for a period of 32 hrs and 15 minutes after the
installation of the tubing string. The average flow rate during the final 24
hours of flow back was 2.87 Mmcf/day (BBI net - 0.36 Mmcf/d) and 510 bbls/day
(BBI net - 64 bbls/day) of condensate and load fluid. Approximately 75% of the
load fluid used during fracing operations has been recovered to date. The 13-33
well was drilled to a total measured depth of 5,336 metres with a lateral length
of approximately 2,600 metres and completed with a 23 stage frac.
About Blackbird
Blackbird's Bigstone Project is comprised of lands and licenses covering a total
of 8 sections (1.75 net) or 5,120 acres (1,120 net acres) in Township 60, ranges
22 and 23W5 at Bigstone, Alberta. Pursuant to the terms of the farm in agreement
with Donnybrook Energy Inc., Blackbird has the option to participate as to a 25
per cent interest in any future operations within an area of mutual interest.
On behalf of the board of BLACKBIRD ENERGY INC.
Garth Braun, Chief Executive Officer and Director
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding the construction of the surface
facilities and pipeline installation and the timing of tie in of production.
Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that any of
the events anticipated by the forward-looking statements will occur or, if they
do occur, what benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A
number of risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by the forward-looking statements,
including: (1) a downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties and speculative nature
associated with oil and gas exploration and production, (3) a decreased demand
for natural gas, (4) any number of events or causes which may delay or cease
exploration and development of the Company's property interests, such as
environmental liabilities, weather, mechanical failures, safety concerns and
labour problems; (5) the risk that the Company does not execute its business
plan, (6) inability to retain key employees, (7) inability to finance operations
and growth, and (8) other factors beyond the Company's control. These
forward-looking statements are made as of the date of this news release and,
except as required by law, the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual results differed
from those projected in the forward-looking statements.
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