CALGARY, April 10 /CNW/ - Blackpool Exploration Ltd. (the "Company") (BPX.A - TSX Venture Exchange) announces that the Company has commenced a geophysical review of its' three section, 100% owned property in the Economy Creek area of west central Alberta. The Company will shoot or acquire 15 miles of two dimensional seismic data to delineate a drillable location on these lands, located in Township 68, Range 2W6M. Notable horizons prospective for production of oil and natural gas in the Economy Creek area are Triassic age strata of the Charlie Lake Formation and Devonian age reef facies of the Beaverhill Lake Formation, to a maximum depth of 4,100 metres. A Charlie Lake analog well located at 1-23-68-4W6M currently produces 30 BOEs per day ((x)6 Mcf : 1 barrel) with cumulative production to date of 290,000 BOEs ((x)6 Mcf : 1 barrel) from the Gold Creek Charlie Lake "C" Oilpool. The nearest Beaverhill Lake analog well located at 14-19-66-4W6M currently produces 704 barrels of oil per day with cumulative oil production to date of 413,377 barrels from the Karr Beaverhill Lake "C" Oilpool. Other zones with productive capability in the area include the Cretaceous age Dunvegan Formation and Spirit River Group, Triassic age Doig and Montney Formations, and the Devonian age Wabamun Formation. A test well will be drilled on Blackpool lands during the 4th quarter of 2006 contingent upon the results of the herein noted seismic interpretation. (x) BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
