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Pennant Energy Inc PENFF



GREY:PENFF - Post by User

Post by statesideon May 10, 2012 9:17am
240 Views
Post# 19893484

What a joke ..........................

What a joke ..........................

This was known about a month ago yet no one bothered telling anyone until Blackbird fesses up today.  No news until July now.  Incompetence reigns supreme!

stateside

 

Blackbird's Montney well delayed due to road bans

2012-05-10 09:10 ET - News Release

 

Mr. Doren Quinton reports

BLACKBIRD ENERGY INC. PROVIDES BIGSTONE DRILLING AND OPERATIONS UPDATE

Blackbird Energy Inc. has provided the following update on its Bigstone, highly liquids-rich natural gas resource project.

The fracing and completion operations planned for our recently drilled, Montney "Extended Reach" horizontal well 00/13-33-060-22W5/0, have been delayed due to the annual spring break-up imposed road-bans which were activated during the second week of April. Movement of heavy equipment over secondary road systems in foothills areas, such as those required to access the Bigstone field, is restricted during the wet, spring thaw period to minimize road damage. Duration and extent of active road-bans are variable, typically ending during late May to mid-June, contingent upon weather conditions. As soon as practicable, after road bans are removed, in accordance with the "Cross-Conveyed Pooling and Participation Agreement" the operator will commence the completion phase of the operations. The well is equipped with liner and packer assembly configuration which will provide the ability to conduct up to 27 frac stages. Blackbird holds an undivided 12.5% pooled interest in the Pooled Lands and is participating as to a 12.5% working interest in the drilling and completion of the 13-33-060-22W5 well.

As stated in our April 10, 2012 press release, construction of the surface production facilities and 1.6 mile, 8 inch pipeline to the Delphi operated gas gathering system has been completed and ready for production. The gas gathering plant through which our production will be processed, is scheduled for major plant turnaround maintenance operations and may take up to 6 weeks or to the end of June, delaying our previous estimated start-up date to sometime during the latter part of June.

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