Bird River Resources: Update on Last Five Wells Completed & Production
16 Fevereiro 2012 - 9:10PM
Marketwired Canada
Bird River Resources Inc. (CNSX:BDR) reports an update of the last five oil
wells drilled and their current production.
1. Well 12-15-8-28HZ drilled into the Bakken Formation with a 1300 meter
leg. Production has levelled out at 80 barrels of oil per day.
2. Well 6-26-1-28HZ drilled into the Spearfish Formation with a 600 meter
leg is producing 40 barrels of oil per day.
3. Well 15- 30 -1-27HZ drilled into the Spearfish Formation with a 600
meter leg was recently put on pump and is producing 100 barrels per day
of fluid of which 50 barrels is oil.
4. Well 7-34-1-28HZ drilled into the Spearfish Formation with a 600 meter
leg is producing 130 barrels of oil per day.
5. Well 13-23-1-28HZ drilled into the Spearfish Formation with a 1300 meter
leg has just been put on pump and is producing 240 barrels of fluid of
which 15 barrels is oil. The oil cut should increase dramatically as the
fracing fluid is pumped out.
These five wells complete BDR's oil well drilling participation for 2011 and
plans are now being prepared for our 2012 drilling program.
About Bird River Resources Inc.
BDR is a Winnipeg, Manitoba based resource exploration company. The Company
focuses on oil and gas exploration opportunities in south western Manitoba. BDR
presently holds an average of 5% gross and a 4% net participation in ten
producing oil wells. BDR also holds several oil leases in the area with interest
ranging 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.
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