Business
Blackbird Energy Inc. Announces Completion of Drilling of the Bigstone Montney Shale Well
Vancouver, British Columbia--(September 28, 2011) - Blackbird Energy Inc. (TSXV: BBI) ("Blackbir...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"\nBlackbird Energy Inc. Announces Completion of Drilling of the Bigstone Montney Shale Well\n\nVancouver, British Columbia--(September 28, 2011) - Blackbird Energy Inc. (TSXV: BBI) (\"Blackbird\" or the\"Company\"), is pleased to announce that Donnybrook Energy Inc. (TSXV: DEI) has informed the Company that drilling operations on the Bigstone test well (the \"Test Well\") were completed on September 19, 2011 and that the drilling rig has been released. The Test Well was drilled vertically to the Montney formation from surface location 00/03-29-060-22W5/00 and then horizontal to a total measured depth of 3,818 meters, terminating at the projected bottom hole location 00/14-29-060-22W5/00. A twelve stage frac completion string has been set in place along the 1254 meter well lateral (horizontal portion) leg in preparation for frac operations. The Test Well was drilled within the timeframe and cost estimate of the operators AFE forecast budget. Donnybrook has informed Blackbird that it has secured a contract for a completion rig and frac crew for the middle of October.Industry activity in the Bigstone/ Fir area of Alberta continues to get excellent test results from the Montney formation. The most recent completion and production results from a 2600m lateral with a 24 stage frac tested at 15mmcf/d and 40-60 bbls/mmcf of natural gas liquids. The well is located 5 miles south of Blackbird's Bigstone property and was targeting the same interval in the Montney formation. Three more wells are currently proposed in the Fir area by industry participants prior to year end. This brings the total number of horizontal wells drilled or licensed to be drilled into the Montney Formation at Bigstone and Fir to 9 this year.Information regarding completion and testing of the Bigstone well will be provided as it is made available by the operator.About BlackbirdBlackbird'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...