Blackdog Resources Ltd.

Blackdog Resources Ltd.

November 20, 2009 08:35 ET

Blackdog Resources Ltd. Announces Approval of Enhanced Oil Recovery Scheme for Woking Halfway B Pool

CALGARY, ALBERTA--(Marketwire - Nov. 20, 2009) - Blackdog Resources Ltd. ("Blackdog" or "The Company")(TSX VENTURE:DOG) is pleased to announce that the operator of its light oil property at Woking, 100 km north of Grande Prairie, Alberta has been notified by the Energy Resources Conversation Board ("ERCB") of Alberta that they have received approval to implement an Enhanced Oil Recovery Scheme for the Halfway B Pool on the Company's property.

David A. Corcoran, President of Blackdog commented, "After acquiring the Woking property on May 31, 2009, the Company undertook a comprehensive technical, operational and financial review to enable us to develop a logical strategy to maximize the cash flow and profit from this property. The approval of the Enhanced Oil Recovery ("EOR")/Salt Water Disposal ("SWD") well was a key component to our strategy and we now plan to move full speed ahead to re-enter and re-equip up to 12 light oil wells by the end of Q1, 2010. We believe the EOR/SWD well will allow us to dramatically cut our trucking and disposal costs on our first two producing wells at Woking while also making several other wells with much higher water cuts profitable, which would otherwise have been uneconomic without the EOR/SWD. We also believe the water drive itself should increase our bookable reserves on the property and allow us to bring more oil to the surface quicker."

About Blackdog

Blackdog is a junior oil and gas company focused on light oil development in Alberta and South East Saskatchewan. Blackdog currently has 16,722,447 shares outstanding.

Certain information regarding Blackdog in this news release, including management's assessment of future plans and operations and expected results from operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, production, marketing and transportation, loss of markets, volatility of commodity prices, imprecision of reserve estimates, environmental risks, competition from other producers, unexpected decline rates in wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Although Blackdog believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Blackdog can give no assurance that they will prove to be correct. Additional information on these and other factors that could affect Blackdog's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website ( The forward-looking statements or information contained in this news release are made as of the date hereof and Blackdog does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulator Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release.

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