Blackbird Energy Inc. (TSXV:BBI) announced the latest operational updates from its Bigstone Montney project. The Company also provided an update on its current financials. Blackbird stated that the next phase of drill work at the project will focus on proving the potential of the remaining 5.75 sections of undrilled lands.
Operation updates included:
The DEI Bigstone Hz 13-33-60-22w5 tie-in operations including construction of surface facilities and laying the pipeline connection to the Donnybrook operated Bigstone gathering system has been completed. Production from the 13-33-60-22w5 well commenced on November 25, 2012.
Blackbird, CEO, Garth Braun, commented:
The tie-in of the third well at Bigstone is a continued enhancement of Blackbird’s production revenue. The recently announced acquisition of Celtic Exploration Inc. by Exxon Mobile Corporation further highlights the interest in companies that are participating in development of the Montney Formation. Blackbird is focused on increasing its position in the development of the Montney Formation and identifying new opportunities to grow shareholder value.