CALGARY, March 13 /CNW/ - Blackpool Exploration Ltd. has drilled two wells at Pouce Coupe on the Peace River Arch in northwestern Alberta. The first well was drilled and flow tested at a stabilized gas rate of 750 mcfd from a sandstone reservoir in the Triassic age Halfway Formation. Blackpool's working interest in this well is 20%. The second well was drilled approximately 1.5 miles to the southeast of the first and was flow tested at a stabilized gas rate of 2.1 million cubic feet per day from sandstone within the Halfway Formation. Blackpool's working interest in the second well is 12.8%. Both wells should be tied into a gas gathering and processing system and commence production by April 15, 2007.
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.
Blackpool Exploration Ltd. is an Alberta based company engaged in the exploration, development and production of oil and natural gas with common shares listed and trading on the TSX Venture Exchange under the symbol "BPX.A". Blackpool's activities are focused primarily in the Peace River Arch area of northwestern Alberta, between Cecil to the northwest and Economy Creek to the southeast. Blackpool's website can be viewed at www.blackpoolexploration.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.