June 12, 2018 - 2:30 PM EDT
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Bird River Resources Announces Strategic Alliance for Its Drilling Program




Bird River Resources Announces Strategic Alliance for Its Drilling Program

Accelerates development of drilling opportunities in a non-dilutive fashion



Winnipeg, Manitoba (FSCwire) - Bird River Resources Inc. (CSE: BDR) (the “Company”) today announced that its Calgary-based subsidiary High Point Oil Inc. (“High Point”) has entered into a Strategic Alliance Agreement (“Agreement”) with “DEL Canada Partnership” a private, Calgary-based oil and gas company.

 

DEL Canada Partnership will participate in the Company’s inaugural drilling program scheduled to begin this coming week. Under the terms of the Agreement, DEL Canada Partnership will pay 50% of all associated capital costs through to equipping to earn a 40% working interest in each well drilled on High Point generated prospects. The Agreement is elective on a well-by-well basis.

 

“We are delighted to have this Strategic Alliance in place with DEL Canada”, stated Ty Pfeifer, High Point CEO and Director of Bird River. “This Agreement validates the value of our land positions while accelerating and expanding High Point’s Spring drilling program.”

 

About Bird River Resources Inc.

 

Established in 1958, Bird River Resources (CSE: BDR) is a Canadian natural resources company focused on three verticals within the energy sector – Oil & Gas, Cogeneration and Technology. The Oil & Gas vertical was recently expanded through the acquisition of High Point Oil and focuses on the acquisition, exploration and development of petroleum and natural gas in the Western Canadian Basin. The cogeneration vertical is a joint venture with Divestco Inc. focused on the conversion of natural gas to electricity at exceptionally low rates. The Technology vertical focuses on the application of technologies such as blockchain to identified opportunities within the energy and technology sectors, including the establishment of a leading, ultra low-cost cryptocurrency mining centre through a partnership with Divestco. For more information, visit birdriverresources.com, highpointoil.net and divestco.com.

 

For further information, contact:   

 

Bird River Resources Inc. (birdriverresources.com)

 

Mr. Jon Bridgman

Mr. Ty Pfeifer

CEO, Bird River Resources

CEO, High Point Oil

204-589-2848

403-614-9907

[email protected]

[email protected]

This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context.

 

NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.







Source: Bird River Resources Inc. (CSE:BDR)

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Source: FSCwire (June 12, 2018 - 2:30 PM EDT)

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