Blackdog Resources Ltd.
TSX VENTURE : DOG

Blackdog Resources Ltd.

March 02, 2011 08:00 ET

Blackdog Resources Ltd. Updates Pembina Horizontal Cardium Light Oil Well

CALGARY, ALBERTA--(Marketwire - March 2, 2011) - Blackdog Resources Ltd. ("Blackdog" or "The Company") (TSX VENTURE:DOG) is pleased to provide an update on the initial flow rates of its non-operated horizontal Cardium light oil well (the "Well") drilled in the Pembina area of Alberta. The Company has a 15% working interest in the Well.

After completing a 15 stage water based fracture stimulation process and recovering a significant amount of the injected water, the Well free-flowed without artificial lift, approximately 465 (net 70) barrels of light oil from the reservoir in 32 hours with a final average oil cut of 98%. The oil was subsequently shipped to market and sold. The Company anticipates that the Well will be in production within the next 14-21 days.

Blackdog Resources Ltd. is a junior oil and gas company focused on the production of light oil in South East Saskatchewan and Alberta. The Company has 24,574,318 common shares outstanding.

Certain information regarding Blackdog in this news release, including management's assessment of future plans and 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. 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.

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