Business
Blackpool incurs all flow through expenditures
Blackpool incurs all flow through expenditures.
About this update from Wescan Energy Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, May 4 /CNW/ - During 2005, Blackpool Exploration Ltd. raised\napproximately $4.5 million in flow through financing with the requirement that\nqualifying expenditures in this amount be incurred by year end 2006. The\nCompany had incurred qualifying expenditures totaling only $3.4 million at\nyear end 2006 for a shortfall of approximately $1.1 million. Blackpool has now\nincurred qualifying expenditures of approximately $4.5 million, thereby\ncomplying with the spending requirement associated with the 2005 flow through\nfinancing.\n\n\nBlackpool Exploration Ltd. is an Alberta based company engaged in the\nexploration, development and production of oil and natural gas with common\nshares listed and trading on the TSX Venture Exchange under the symbol\n"BPX.A". Blackpool has current production of approximately 200 barrels of oil\nequivalent per day and holds 27,500 net acres focused primarily in the Peace\nRiver Arch area of northwestern Alberta, between Cecil to the northwest and\nEconomy Creek to the southeast. Blackpool's website can be viewed at\nwww.blackpoolexploration.com.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n","length":1278,"tagName":"div"}]