Blackpool Completes Winter Drilling Program
Blackpool Exploration Ltd. has completed its 2006-2007 winter drilling program. Five wells were drilled on Company lands resulting in four gas wells and one standing well.
Blackpool's cumulative share of these gas rates is 586 thousand cubic feet per day or 97 barrels of oil equivalent per day. All gas wells should be tied in and on production by mid-April 2007.
BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Details of the gas wells are as follows:
Location Blackpool Zone Flow Rate Status -------- Working Interest ---- --------- ------ ---------------- Pouce Coupe 20% Halfway 750 mcfd Awaits tie-in Pouce Coupe 12.8% Halfway 2.1 mmcfd Awaits tie-in Cecil 21.5% Charlie Lake 600 mcfd Awaits tie-in Cessford 19% Mannville 200 mcfd Awaits tie-in