Blackbird Energy Inc. provide an update on its ongoing operations.
Blackbird has increased its holdings of Montney Petroleum & Natural Gas Rights in the Greater Karr project to 21 sections (13,440 acres). All of the acquired sections also include deeper rights including rights to the prospective Duvernay formation. The Greater Karr project contains strong analogs to wells that have been drilled in the area to date. Blackbird has begun the process of seeking a partner to assist in developing the Greater Karr project.
At its Bromhead project, Blackbird has completed its first re-entry candidate. The recompletion was completed under budget, with a cost of approximately $200,000. After evaluation, Blackbird encountered a non-commercial amount of hydrocarbons in the one zone perforated to date (Midale Vuggy). Blackbird has begun to evaluate further zones, such as the Bakken and Three Forks, for possible further pursuit. The Bakken and Three Forks zones appear in lands that are in close proximity to the Bromhead project.