Press release from Marketwire
Blackdog Resources Ltd. Announces Casing of Leduc Reef Light Oil Exploration Well
Tuesday, September 20, 2011
Blackdog Resources Ltd. Announces Casing of Leduc Reef Light Oil Exploration Well08:00 EDT Tuesday, September 20, 2011CALGARY, ALBERTA--(Marketwire - Sept. 20, 2011) - Blackdog Resources Ltd. ("Blackdog" or "The Company") (TSX VENTURE:DOG) is pleased to announced that its Leduc Reef exploration well (the "Well") in the Sylvan Lake, Alberta area has been successfully drilled to just under 2900 metres. After a review of the logs and the samples, the Company and its partners have made the decision to case the Well for further testing. The Company anticipates this testing to take place within the next 14-28 days based on availability of equipment and services in the area. Under the terms of a farm-in agreement, Blackdog is paying 25% of all costs to the completion of testing to earn a 15% working interest ("W.I.") in the Well and in the entire section of land the Well is located on. The Company believes a successful well could lead to the drilling of two additional follow up locations. Blackdog Resources Ltd. is a junior oil and gas company focused on the development and production of light and medium 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.FOR FURTHER INFORMATION PLEASE CONTACT: David A. CorcoranBlackdog Resources Ltd.President(403) firstname.lastname@example.orgNeither 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.