CALGARY, March 15 /CNW/ - Blackpool Exploration Ltd. (BPX.A: TSX Venture Exchange) will participate for it's 25% working interest in the drilling of a test well at Pouce Coupe South on the Peace River Arch in northwestern Alberta. This well will evaluate the potential of dolomitic reservoir rock in the Baldonnel Formation at a depth of 1,750 metres. The test well location is defined with three dimensional seismic and is up dip from a well which flowed natural gas at a rate of 1.7 million cubic feet per day when drill stem tested over an interval including the Baldonnel Formation. The test well should be drilled by the end of March 2007. Offsetting Baldonnel gas wells have commenced production at maximum rates of 1.0 million cubic feet per day with indicated cumulative total production volumes to 1.5 billion cubic feet based on decline analysis.
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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