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Blackbird Energy Inc.: Bigstone Field, Montney Horizontal Well Farmin and Spud Date
Jun. 8, 2011 (Newsfile Corp.) -- Vancouver, British Columbia--(June 8, 2011) - Blackbird Ene...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"\nBlackbird Energy Inc.: Bigstone Field, Montney Horizontal Well Farmin and Spud Date\n\n Jun. 8, 2011 (Newsfile Corp.) -- Vancouver, British Columbia--(June 8, 2011) - Blackbird Energy Inc. (TSXV:BBI) (TSX-V: BBI)(\"Blackbird\" or the \"Company\"), is pleased to announce that, pursuant to Blackbird's news release of March 17, 2011, Donnybrook Energy Inc. (TSXV:DEI) (OOTC:CSTPF) has informed the Company that lease construction in preparation of spudding the Montney Horizontal formation test well at Bigstone is ready to proceed, weather permitting. The well is estimated to spud on or around July 29, 2011. The Bigstone field (Township 60, Range 22W5) is located approximately 250 kilometres west-northwest of Edmonton, Alta. It falls within the Deep basin resource corridor, which continues northwest into British Columbia. In reasonably close proximity to Blackbird's farm-in acreage, approximately five miles south of the Company's first Bigstone test well location, Celtic Exploration Ltd. (TSX:CLT) drilled a Montney horizontal well in this area. Well 02/04-32-059-22W5/02 was completed in August, 2010, and is reported to have flow tested at rates of approximately 3.5 million cubic feet per day with 75 barrels per million cubic feet per day of natural gas liquids (NGL). The horizontal leg portion (also referred to as the lateral section) of this first well was approximately 1.3 kilometres (4,400 feet) in length. As of April 1, 2011, Celtic had drilled and cased a second, longer lateral (approximately 2.1 kilometres or 7,000 feet) Montney well from the surface location 00/05-03-060-22W5/00 to a bottom hole terminus 00/04-05-060-22W5/00. This well, which is about 3.5 miles from Blackbird's interest acreage, tested 13.1 million cubic feet per day and 650 barrels of oil and natural gas liquids. On April 1, 2011, Celtic spudded a third well location from the same surface location at 00/05-03-060-22W5/00 to a bottom hole terminus at 00/08-02-060-22W5/00. This third well is licensed for up to a three-kilometre lateral section. Further to the results of its second well at 02/04-32-059-22W5/02, Celtic announced in a news release on April 11, 2011 that it is planning up to seven more wells in the Fir Bigstone area for the remainder of 2011. The rapid expansion of drilling activity by Celtic in this area serves to highlight the significant potent...