Science & Technology
Science and Technology
Science and Technology
Thu, January 5, 2012
Wed, January 4, 2012
January 04, 2012 18:01 ET
Bird River Resources Drilling Results Update
WINNIPEG, MANITOBA--(Marketwire - Jan. 4, 2012) - Bird River Resources (CNSX:BDR) reports an update on three wells recently completed. The first well is an Antler River Resources horizontal well at 12-15-8-28 northeast of Sinclair, Manitoba is now on pump. The well was drilled into the Bakken formation at 926 meters and has a horizontal leg of 1300 meters and is now pumping 32 cubes of fluid with a 40% oil cut. This works out to about 80 barrels of oil a day (a cube is about 6.28 US barrels). BDR has a 5% interest in the well.
Meanwhile, another recently completed horizontal well at 15- 30-1-27 east of Pierson, Manitoba, which was drilled into the Spearfish formation, is pumping 200 barrels of fluid a day with an initial 20% oil cut which is expected to increase.
A third horizontal well completed at 13-23-1-28 is expected to be put on pump within the next few days. The operator of wells two and three is Atikwa Resources with a 50% interest. Antler River Resources and Bird River Resources have a 25% interest each in these two wells.
These three wells complete BDR's oil well drilling participation for 2011. Plans are now being prepared for our 2012 program.
About Bird River Resources Inc.
BDR is a Winnipeg, Manitoba based resource exploration company. The Company is focusing on oil and gas exploration opportunities in south western Manitoba. BDR presently holds a 5% gross and a 4% net participation in nine oil wells of which eight are producing. Additionally, BDR also holds several oil leases in south western Manitoba (interest ranges from 25% to 100%). The common shares of Bird River Resources Inc. trade on the Canadian National Stock Exchange under the symbol BDR.
This news release is for information purposes only and no statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities and may contain forward looking statements that are based upon current expectations or beliefs as well as a number of assumptions about future events and words such as may, should, could, will, expect, anticipate, estimate, believe, intend, project should not be taken out of context.
No stock exchange or securities commission has reviewed the adequacy or accuracy of this news release.
