Blackbird Energy Inc. (TSXV: BBI) announced Oct. 20 that it has spud its first Middle Montney well at Elmworth in Alberta.
The Calgary-based company said the well was spud from surface location 14-14-70-07W6 and will be drilled to a vertical depth of about 2,330 meters and a lateral length of roughly 2,000 meters to location 6-26-70-07W6. Drilling operations are expected to take about 30 days to complete.
Post completion of its first well, Blackbird will immediately commence the drilling of its second well at Elmworth targeting the Upper Montney.
Blackbird also closed the non-brokered tranche of the private placement for gross proceeds of about $6.2 million (C$7 million).
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