Blackbird Energy Inc. provide the following Bigstone operations update.

Blackbird's Bigstone HZ 14-29-60-22w5 Montney discovery well (Blackbird 37.5% BPO/25% APO) was placed on production in mid-June 2012 and during the first 42 days of operation produced at an average rate of 1.61 mmcf/d (605 mcf/d Blackbird W.I.) and 72.8 bbls/d (27.3 bbls/d Blackbird W.I.) of condensate for a combined oil equivalent total of 341 BOE/D (128 BOE/D Blackbird W.I.).

Further NGLs will be extracted during processing at the shallow cut plant and are estimated to be 30-35 bbls/mmcf of raw gas. Blackbird has a 37.5% W.I. in the 14-29 well subject to a 2% GORR, plus a 10% ORR on its W.I. until payout at which time Blackbird reverts to a 25% W.I. and 2% GORR.

Tags: Blackbird Energy