VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 10, 2012) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company"), is pleased to provide the following update on our Bigstone, highly liquids rich natural gas resource project.
Operational Highlights:
- The well 13-33-060-22W5 has been drilled to total measured depth of 5,336 meters with a 2,590 meter horizontal length;
- Surface production facilities located in Lsd 3-29-060-22W5 and the 1.6 mile, 8 inch pipeline to the Delphi operated gas gathering system tie-in point has been completed;
- Production from our wells is anticipated to commence mid to late April, 2012 upon completion of certain operations by Delphi at the Lsd 1-19 tie-in point; and
- Fourth Montney extended reach horizontal well location surveyed and anticipated to spud in June, 2012.
Further to our press release of February 2012, and pursuant to the "Cross-Conveyed Pooling and Participation Agreement" (the "Agreement") covering the pooling of the P&NG rights in the Triassic Montney formation held by Blackbird and partners in Section 28-060-22W5 with those held jointly by Trilogy Energy and TAQA North in the adjacent Section 33-060-22W5, the initial extended reach, horizontal Joint Well on the Pooled Lands was spud on March 4 and reached total depth on April 2, 2012. The well 13-33-060-22W5 was drilled from its surface location at 4-28-060-22W5 to a total measured depth of 5,336 meters with a 2,590 meter horizontal length. In accordance with the Agreement, Trilogy will assume the role of Operator during the completion phase of operations. The well is currently being conditioned to run a liner and packer assembly in preparation for conducting a multi-stage (up to a 27 stage) fracture program. Completion operations are scheduled to be underway as soon as practicable. Blackbird holds an undivided 12.5% pooled interest in the Pooled Lands and participated as to a 12.5% working interest in the drilling of the 13-33-060-22W5 well.
The 13-33-060-22W5 well was drilled through the Montney at excellent penetration rates with strong gas shows. The well is located approximately 0.5 miles directly east and runs parallel to our recently drilled and completed extended reach horizontal well, 15-32-60-22W5 (25%WI).