Press release from Marketwire
Blackdog Resources Ltd. Announces Commencement of Testing and Completion of Leduc Reef Exploration Light Oil Well
Thursday, September 29, 2011
Blackdog Resources Ltd. Announces Commencement of Testing and Completion of Leduc Reef Exploration Light Oil Well08:00 EDT Thursday, September 29, 2011CALGARY, ALBERTA--(Marketwire - Sept. 29, 2011) - Blackdog Resources Ltd. ("Blackdog" or "the Company") (TSX VENTURE:DOG) is pleased to announce that testing and completion operations have begun on its Leduc Reef exploration light oil prospect near Sylvan Lake, Alberta.The Company anticipates that testing and completion operations will take approximately 14 days, subject to equipment availability and weather.By paying a further 25% of all completion and testing costs, Blackdog has now earned a 15% working interest in both the well and the entire section of land the well is situated on. The Company believes that a successful first well could lead to potentially two additional wells being drilled on the land.Blackdog 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 24,578,318 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) email@example.comNeither 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.