NEWS BBIBlackbird Energy Announces Successful Completion of Bigstone Well with Initial Flow Test Results up to 1,011 Boe/Day
Oct 20, 2011 7:50:00 AM
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October 20, 2011 - Vancouver, British Columbia (TSX-V: BBI) Blackbird Energy Inc. ("Blackbird" or the "Company"), is pleased to announce that it has been informed by the operator, Donnybrook Energy Inc. ("Donnybrook") of Calgary, that the Bigstone, Montney Formation horizontal well, Donnybrook HZ Bigstone 14-29-60-22W5 (the "Bigstone Well"), has been successfully completed and flow tested. On October 12, 2011, a 240 ton, 12 stage continuous fracture treatment along the 1,254 meter lateral leg of the Bigstone Well (horizontal portion) was carried out over a 6 hour period. Immediately after, the Bigstone Well was flowed for cleanup and subsequently flow tested for approximately 4 days and is currently shut-in for build up. After clean-up, the Bigstone Well produced gas and condensate over the last 24 hours of the test at approximately 4.3 million cubic feet per day (mmcf/day) and 295 barrels per day (bbls/day) of condensate (1,011 barrels of oil equivalent per day, boe/day).
The Bigstone Well has tested at comparable or better rates to a well located approximately 5 miles to the south which was drilled and completed in a similar manner (1,200 meter lateral with 12 stage frac) and tested rates of 3.5 mmcf/day and 225 bbls/day of condensates; 808 boe/d. The operator of that well has offset the initial test with 2 longer horizontal wells with 2,000 and 2,538 meter laterals at locations about 4 miles south of ( 1 mile closer to) the Bigstone Well. The 2,000 meter lateral section tested at rates of 13.1 mmcf/day and 655 bbls/day of condensate (2,840 boe/day). The 2,538 meter lateral section tested at 15mmcf/day and 600-900 bbls of condensates. (3,100-3,400 boe/d).
The Bigstone Well confirms the Montney formation at Bigstone is at least comparable or possibly better in reservoir quality to the Montney that has been drilled at Fir 4 miles to the south. Accordingly, longer 2000-2600 meter lateral sections at Bigstone should produce a similar increase in results with test rates anticipated to be 3 to 4 times higher than the Bigstone Well has achieved.
Garth Braun, Blackbird CEO, stated: "We are very pleased with these results which confirm our expectations of the Bigstone Well. The potential of the Montney formation in the Bigstone/Fir area continues to be highlighted by industry activity in the area and Blackbird looks forward to its future participation in this exciting oil and gas play. Currently, Blackbird's 25% working interest in 4,480 acres of contiguous lands at Bigstone represents a potential drilling inventory of 13-27 development locations depending on the length of the horizontal leg of each well."
Future Development Plans
Based on the reported production performance of longer lateral wells to the south at Fir and the quality of the Montney reservoir section encountered at Bigstone, Donnybrook has informed Blackbird that it is planning to drill a longer 2000-2200m lateral as the next well in the project.
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 will earn 25 per cent 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.
Per: "Garth Braun"
Garth Braun Chief Executive Officer and Director
For further information contact:
Doren Quinton, President
QIS Capital Corp. Ph: (250) 377-1182
Email: info@qiscapital.com
www.qiscapital.com
or
Dwane Brosseau Ph: (604) 662-4955 Email: dbrosseau@blackbirdenergyinc.com