Blackbird Energy Inc. has acquired a 100% working interest in twelve additional sections (7,680 net acres) of Elmworth Montney rights. The Acquisition represents a 17% increase in the Company's Elmworth Montney land position. With the completion of the Acquisition, Blackbird now holds a 100% working interest in 81 sections (51,840 net acres) at the Company's core Elmworth Montney project.
Mr. Braun, Chairman, CEO and President noted, 'With these latest land acquisitions coupled with our first two Montney wells which validate the liquids-rich nature of our project, Blackbird has now assembled a significant prospective resource to attract multiple midstream investment options to facilitate takeaway at Elmworth. We look forward to updating the market on progress made towards the tie-in of our first two wells and definitive take-away for our gas as we move towards additional drilling and delineation on our acreage.'