Blackdog Resources Ltd.
TSX VENTURE : DOG

Blackdog Resources Ltd.

February 09, 2011 08:00 ET

Blackdog Resources Ltd. Announces Commencement of Drilling of Horizontal Cardium Well in Pembina

CALGARY, ALBERTA--(Marketwire - Feb. 9, 2011) - Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is pleased to announce that it commenced the drilling of its first non-operated horizontal Cardium well in the Pembina area of Alberta on February 7, 2011. Blackdog has a 15% working interest in the full section of land that the well is being drilled on. The well is scheduled to be drilled to a total depth, including the horizontal leg, of approximately 2,800 metres. The Company expects drilling to take about 14 days to complete. The well logs will subsequently be reviewed for future multistage fracture stimulation and potential future production. The drilling location has been prepared to allow for future wells to be drilled off of the same location as a successful well could lead to a multiple well drilling program.

About Blackdog

Blackdog is a junior oil and gas company focused on the development of light oil with producing assets in South East Saskatchewan and Alberta. The Company currently has 24,574,318 Common Shares outstanding.

Certain information regarding Blackdog in this news release, including management's assessment of future plans and operations and productive capacity of the wells, 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. 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 (www.sedar.com). 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 Regulation 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.

Contact Information