Blackdog Resources Ltd.

Blackdog Resources Ltd.

November 07, 2006 16:33 ET

Blackdog Announces Farm-In Agreement in Breton/Pembina Area

CALGARY, ALBERTA--(CCNMatthews - Nov. 7, 2006) -

This news release is not for Dissemination in the United States.

Blackdog Resources Ltd. (TSX VENTURE:DOG) is pleased to announce it has entered into an agreement with a private oil and gas company, ("Privco") to participate in the drilling of an exploration gas well in the Breton/Pembina area near Warburg, Alberta approximately one hour southwest of Edmonton.

Under the terms of the farm-in agreement, Blackdog will pay 25% of all costs to completion or abandonment to receive a 15% working interest subject to a 10% Gross Overriding Royalty in the zones of the section of land that the agreement covers. The well has multi zone targets and was spud on November 4, 2006. A successful well may lead to additional wells in offset locations. Privco will act as the operator on this well.

Forward Looking Statement - This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Blackdog Resources Ltd.
    David A. Corcoran
    VP Operations
    (403) 245-1726