Blackbird Energy Inc. Announces Acquisition Blackbird Energy Inc. Announces Acquisition of 10 Additional Montney Sections at Elmworth
Thursday, November 06, 2014
Blackbird Energy Inc. Announces Acquisition of 10 Additional Montney Sections at Elmworth
06:30 EST Thursday, November 06, 2014
CALGARY, ALBERTA--(Marketwired - Nov. 6, 2014) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that it has acquired a 100% working interest in 10 additional sections (6,400 net acres) of Montney rights from four separate vendors that are contiguous or within one mile of Blackbird's existing western Elmworth acreage, which represents a 28% increase. With the completion of these multi-transactional series of acquisitions Blackbird now holds 100% working interest in 46 contiguous sections (29,440 acres) and a total of 50 sections of Montney rights at Elmworth.
The sections that have been acquired are on the western border of Blackbird's existing Elmworth block and are within three miles of Blackbird's 6-26-70-07W6 Middle Montney well that was spud on October 20, 2014.
Garth Braun, CEO of Blackbird commented "This significant acquisition in the western portion of our core area of Elmworth continues to demonstrate Blackbird's determination in becoming a significant Montney player in the Elmworth/Gold Creek area. Blackbird continues to focus on addressing infrastructure requirements and establishing an even greater footprint in this liquids-rich corridor".