Blackbird Energy Provides Operations Update
18 Gennaio 2014 - 3:29AM
Marketwired
Blackbird Energy Provides Operations Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 17, 2014) -
(TSX-VENTURE:BBI) Blackbird Energy Inc. ("Blackbird" or the
"Company") is pleased to provide an update on its ongoing
operations.
Blackbird has increased its holdings of Montney Petroleum &
Natural Gas Rights in the Greater Karr project to 21 sections
(13,440 acres). All of the acquired sections also include deeper
rights including rights to the prospective Duvernay formation. The
Greater Karr project contains strong analogs to wells that have
been drilled in the area to date. Blackbird has begun the process
of seeking a partner to assist in developing the Greater Karr
project.
At its Bromhead project, Blackbird has completed its first
re-entry candidate. The recompletion was completed under budget,
with a cost of approximately $200,000. After evaluation, Blackbird
encountered a non-commercial amount of hydrocarbons in the one zone
perforated to date (Midale Vuggy). Blackbird has begun to evaluate
further zones, such as the Bakken and Three Forks, for possible
further pursuit. The Bakken and Three Forks zones appear in lands
that are in close proximity to the Bromhead project.
Blackbird Energy Inc. is a Western Canadian based company that
explores, develops and produces oil and natural gas in Western
Canada. The Company is managed by a proven technical team.
Blackbird trades on the TSX Venture Exchange under the symbol
BBI.
Blackbird's team is focused on originating new high quality oil
projects through the assembly of land positions in Saskatchewan and
Alberta.
For more information please visit the company's website and view
the corporate presentation at www.blackbirdenergyinc.com
On behalf of the board of BLACKBIRD ENERGY INC.
Garth Braun, Chief Executive Officer and Director
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements that
involve various risks and uncertainties regarding future events
relating to the Great Karr project and the Bromhead project. 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 and are not guarantees of
future performance of the Company. Although Blackbird believes that
the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking 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, accordingly, are subject to change after such date.
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
THE TSX-VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR
DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. NEITHER
THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX-VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
QIS Capital Corp.Doren QuintonPresident(250)
377-1182info@qiscapital.comwww.qiscapital.comBlackbird Energy
Inc.Garth Braun, President & CEOOffice (604) 688
2295gbraun@blackbirdenergyinc.comwww.blackbirdenergyinc.com
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