VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 17, 2013) – Blackbird Energy Inc. (TSX VENTURE:BBI) (“Blackbird” or the “Company“) is very pleased to be able to announce that it has established a Montney land position in the Greater Karr area of Alberta through the acquisition of 7,680 net acres of Montney Petroleum & Natural Gas Rights by its wholly-owned subsidiary, Ruger Energy Inc.
Garth Braun, President and CEO of Blackbird stated: “These land acquisitions further cement Blackbird’s go-forward strategy of originating new oil projects. These Montney lands are going after the same resource that some significant industry players have begun to target such as Shell, EnCana, Kelt Exploration, Canadian International Oil Corp, and Sinopec Daylight Energy. Blackbird specifically focused on the activity currently in the area surrounding these lands by Kelt Exploration and Canadian International Oil Corp. which have drilled a total of 6 wells into what we feel is an analogous pool in the Upper Montney formation. We’d like to highlight that Canadian International Oil Corp. has tested 2 wells: CIOC 16-33 Hz which tested 570 bbl/d and 0.7 mmcf/d and CIOC 5-32 HZ which tested 290 bbl/d and 0.9 mmcf/d and Kelt’s initial production from the 16-28 Hz was 534 bbl/d and 3 mmcf/d. The resource we are targeting is the same 38 API oil found in the above wells and furthermore significant infrastructure already exists in the area. We are extremely excited for what lies ahead for Blackbird as we continue to build on our foundation.”
Blackbird would also like to announce that Joshua Mann has joined the Company in the capacity of Vice President Business Development. Mr. Mann brings a wealth of capital markets and business development experience through advising companies in the oil & gas, services, technology and agricultural industries. Mr. Mann was formerly an investment banker at Stifel Nicolaus Weisel where during his time with the firm was part of team that assisted corporate issuers in raising over $3 billion in capital.
About Blackbird
Blackbird Energy Inc. is a Western Canadian based company that explores, develops and produces oil and natural gas in Western Canada. The Company is managed by a proven technical team. Blackbird trades on the TSX Venture Exchange under the symbol BBI.
Blackbird’s team is focused on originating new high quality oil projects through the assembly of land positions in southwest Saskatchewan and Alberta.
For more information please visit the company’s website and view the corporate presentation at www.blackbirdenergyinc.com.
On behalf of the board of BLACKBIRD ENERGY INC.
Garth Braun, Chief Executive Officer and Director
Disclaimer for Forward-Looking Information
This press release contains forward-looking information that involves various risks and uncertainties regarding future events related to the resource production potential of the newly acquired PN&G assets as well of the surrounding area. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with oil and gas exploration and production, (3) a decreased demand for natural gas, (4) any number of events or causes which may delay or cease exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements
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