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Blackbird Energy of Alberta Canada announced two ‘significant’ discoveries at Elmworth

Blackbird Energy (ticker: BBI) based in Calgary, Alberta, announced this week that its first two operated horizontal Montney wells on Blackbird’s 69 section land block at Elmworth, Alberta, Canada, have been successfully completed and tested. The wells separately targeted the Middle Montney and Upper Montney intervals. The company is the operator and has a 100% working interest in both wells and its lands at Elmworth.

The 06-26 well was drilled to a total measured depth of 4,734 meters (15,532 feet), including a horizontal lateral of 2,052 meters (6,732 feet). The well was stimulated with a 14 stage slick-water plug-and-perf completion with three to five perforations per stage, for a total of 51 intervals, and approximately 55 tons of proppant per interval.

Source: Blackbird

The 06-26 well was tested for 72 hours with a restricted bottom hole choke (15/64 inch) due to infrastructure constraints, which Blackbird plans to mitigate over the course of 2015. Over the final 48 hour test period, the well was flowing up tubing with a flowing tubing pressure of 501 psi and a bottom-hole flowing pressure of 2,820 psi at a rate of approximately 407 BOEPD (56% gas).

The 05-26 well was drilled to a total measured depth of 4,621 meters including a horizontal lateral of 1,951 meters (6,401 feet). The well was stimulated with a 13 stage slick-water plug-and-perf completion, which included three to five perforations per stage, for a total of 49 intervals, and approximately 55 tons of proppant per interval. Over the final 48 hours of the 64-hour testing period, the well was flowing up tubing with a flowing pressure of 305 psi at a rate of approximately 466 BOEPD (67% liquids).

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.