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Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Post by Wartbergeron Dec 20, 2013 12:07pm
232 Views
Post# 22026994

News

NewsFrank Smart - what are your thoughts?

Blackbird Energy Inc
Symbol C : BBI
Shares Issued 157,562,729
Close 2013-12-19 C$ 0.08
Recent Sedar Documents

Blackbird drills 20 m pay section at A15-6

2013-12-20 05:35 PT - News Release

Mr. Garth Braun reports

BLACKBIRD ENERGY PROVIDES OPERATIONS UPDATE

Blackbird Energy Inc. has provided an update on its continued operations.

At the recently drilled A15-6-26-24W3 well on its Mantario project, Blackbird encountered a 20-metre pay section in the Success formation containing oil-bearing sands. The well is now tied in and producing approximately 25 barrels per day of heavy oil with minimal water cut. The well has a high pumping fluid level with additional production capability. The company is monitoring the well's sand cuts and torque levels for stabilization before further increasing the production rate. The company is following a carefully planned development versus high initial rates at the cost of future profit.

Blackbird is now beginning to evaluate utilizing horizontal drilling as this project would lend itself exceptionally well to this type of development as it would increase production and total recoverable oil. These horizontal wells have great economics as they require no expensive packer systems or fracture stimulation and qualify for exceptional royalty incentives.

Blackbird will continue to evaluate and increase production on this well with a plan to initiate a horizontal development program in the first half of 2014.

Blackbird holds a 70-per-cent working interest in the project.

Blackbird would also like to report that it intends to initiate its Bromhead re-entry in the first week of January. The well is targeting a bypassed Midale oil target.

We seek Safe Harbor.

© 2013 Canjex Publishing Ltd. All rights reserved.


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