Blackdog Resources Ltd. report the successful completion of the fracture stimulation process and flow testing of its cardium horizontal light oil well in the Buck Lake area of Alberta.

The Company has a 15% working interest in the Well and in the 480 acres area of land the Well is situated on, subject to a 12% non-convertible gross overriding royalty interest.

During the 72 hour flow testing and flare period allowed by the regulatory authorities, the operator of the Well recovered substantially most of the frac oil used to stimulate the well. The Well is currently shut in for its mandatory two week pressure build-up test period. The operator of the Well is in the process of installing a pipeline to tie-in the Well and is equipping the site with a tank battery, pump jack and separator. Management of the Company expects the Well to be on production in early February, 2012 and intends to report light oil, natural gas and natural gas liquids production rates after the remaining frac oil is recovered.

The Company and its partners have also identified potential additional drilling locations on the land and, pending results from this first well, will determine the timing for additional wells to be drilled.

Tags: Blackdog Resources Ltd.