BBI Blackbird Energy

Blackbird Energy Inc. ("Blackbird" or the "Company") (TSX VENTURE:BBI) is
pleased to announce that further to its recent news releases, it has been
informed by the operator, Donnybrook Energy Inc., that the DEI Bigstone Hz
15-32-60-22 W5M well (25% working interest to Blackbird) has been drilled to
total depth ("TD") and the completion string has been installed in preparation
for fracing operations, scheduled for January 15, 2012. The well was drilled
directionally to a total measured depth of 5,512 meters from the 3-29-60-2W5
surface location and included an extended reach lateral through the Montney
Formation measuring 2,744 meters at the 15-32-60-22W5 bottom-hole terminus. The
completion string is configured to conduct a continuous, multi stage fracture
stimulation consisting of up to 24 stages over the length of the horizontal
lateral. The completion operations including the frac procedure, production test
and preparing the well in readiness for tie-in to sales are estimated to be
accomplished by early to mid February, 2012.


The 15-32 well horizontal section is over twice as long (close to 1,500 meters
longer) than the first successfully tested Montney horizontal well, DEI Bigstone
Hz 14-29-60-22W5. The 14-29, (37.5% BPO/25% APO working interest) which
parallels part of and directly offsets the 15-32 well, flowed at a rate of
approximately 4.3 million cubic feet per day of natural gas (mmcf/d) and 295
barrels per day (bbl/d) of condensate from a 1,254 meter lateral (1,011 barrels
of oil equivalent per day (boe/d)) during the last 24 hours of a 4 day
production test. The 15-32 well will be frac'd with the same, synthetic
oil-based multi-stage system utilized in the completion of the 14-29 well.


The long lateral or "extended reach" horizontal wells, in suitable areas, have
the potential of reducing well density by up to 50% over the shorter 1200 meter
laterals, improving project economics and substantially reducing the surface
environmental footprint. To date, 11 of the 15 Montney horizontal wells
currently drilled in the Bigstone/Fir area are "extended reach" with laterals
ranging in length from 2,200 to 2,800 meters, while the remaining four wells
have laterals of 1,200 to 1,300 meters. Each of these shorter laterals were
drilled by local operators, to assess the development potential of the Montney
formation, liquids rich natural gas resource in this area by employing current,
state of the art horizontal drilling and fracture stimulation techniques prior
to moving to the extended reach longer laterals for development purposes.


Planning for drilling a third well and construction of gas gathering and
production facilities are currently underway with a targeted start-up and on
stream to sales commencing in Q2 2012. Blackbird holds a 25% working interest in
7 gross sections (1.75 net) sections at Bigstone. 


The Company and its partners continue to work toward having 3 wells drilled
completed and tied in by the end of the winter drilling season. Bill Macdonald,
President of Blackbird stated, "We are very excited about the progress of the
Bigstone wells and the prospect that they will be on stream in the near future,
and the added value that this will bring to the Bigstone prospect." 


In addition, Blackbird announces that Cheng-Guan Loo has resigned as a director
of the Company. The Company would like to thank Mr. Loo for his contribution to
the board of directors.


About Blackbird

Blackbird's Bigstone Project is comprised of lands and licences covering a total
of 4,480 acres, in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By
completing the terms of the farm in agreement, Blackbird has earned 25% of
Donnybrook Energy Inc.'s interest in the Bigstone lands and in any future
operations within an area of mutual interest.


Blackbird's wholly-owned subsidiary Blackbird Energy LLC ("Blackbird Energy")
holds a 75% interest in 3,857 acres of leasehold land located in Gray County,
Texas known locally as the "Mathers-Gordon Prospect". The Mathers-Gordon
Prospect is a multi pay oil and gas prospect. Blackbird Energy is the operator
of the prospect. In addition, Blackbird plans to actively look for further oil
and gas properties for acquisition or potential joint ventures. 


On behalf of the board of BLACKBIRD ENERGY INC.

Garth Braun, Chief Executive Officer and Director

Oil Equivalency Conversion (BOE)

Where amounts are expressed on a barrel of oil equivalent ("BOE") basis, natural
gas volumes have been converted to BOE at a ratio of 6,000 cubic feet of natural
gas to one barrel of oil equivalent (6 Mcf = 1 BOE). The conversion ratio is
based upon an energy equivalent conversion method, primarily applicable at the
burner tip and does not represent value equivalence at the wellhead. BOE values
may be misleading, particularly if used in isolation.


Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding Donnybrook's ability to complete the
15-32-60-22 W5M well on the project, the timing of such completion, the timing
and completion of any subsequent tie ins or production, and any results from the
wells specifically or the Montney Shale play in general. 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.

Blackbird Energy Inc. (TSXV:BBI)
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부터 6월(6) 2024 으로 7월(7) 2024

Blackbird Energy Inc. (TSXV:BBI)
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부터 7월(7) 2023 으로 7월(7) 2024