Blackbird Investments Inc.
TSX VENTURE : BBI

Blackbird Investments Inc.

December 09, 2009 09:30 ET

Blackbird Investments Inc. Provides Operational Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2009) - (TSX VENTURE:BBI) Blackbird Investments Inc. ("Blackbird" or the "Corporation"), is pleased to provide an update on the re-entry and re-completion on the two existing Mather's wells.

Both the Mathers 2-74 and 2A-74 wells have been re-entered, acid washed and perforated. The Corporation then proceeded with the frac of the Mathers 2-74 to access the Missouri D formation, with the intention of then returning to the Mathers 2A-74 to frac the Virgillian formation. Unfortunately, during the perforation and frac activities, the casing in the Mathers 2-74 well was damaged. Due to the separation in the casing there was an intrusion in the well bore of formation fines, which closed much of the well off. This has resulted in a delay in accessing and evaluating the Missouri D zone. We are currently moving forward to complete the repair to the casing. The delay as a result of the required repairs should be modest.

About Blackbird

Blackbird's wholly-owned subsidiary Blackbird Energy LLC ("Blackbird Energy") holds a 75% interest in 3,857 acres of leasehold land located in Gray County, Texas known locally as the "Mathers-Gordon Prospect". Blackbird intends to aggressively develop this prospect and has committed to spend a minimum of $2,200,000 US developing the prospect in the next twelve months. The Mathers-Gordon Prospect is a multi pay oil and gas prospect. Blackbird Energy will be the operator of the prospect. In addition, Blackbird plans to actively look for further oil and gas properties for acquisition or potential joint ventures.

On behalf of the board of BLACKBIRD INVESTMENTS INC.

William L. Macdonald, President and Director

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