Blackbird Energy Successfully Completes Workover on Flaxcombe Sparky Project

Feb 26, 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 26, 2013) – Blackbird Energy Inc. (“Blackbird” or the “Company“) (TSX VENTURE:BBI) is pleased to announce that it has completed the first Flaxcombe Sparky zone workover in its well, 22/16-13-29-27W3 (the “Flaxcombe Sparky Well”). The workover was completed on February 16, 2013 at a cost of only $45,000. Production commenced immediately upon completion of the workover with the well averaging 25 barrels of oil per day since that time. The successful workover of the Flaxcombe Sparky Well has more than doubled production from the Flaxcombe Project to approximately 53 bopd.

The Flaxcombe Project is evolving into a core holding of Blackbird, comprised of three producing wells from the Sparky zone and several other wells which have been identified as near term workover candidates. In addition to the workovers the Blackbird team has identified two development oil drilling locations based on a 3D technical review.

Garth Braun, CEO of Blackbird stated, “The Blackbird management team identified that the Flaxcombe Project offered tremendous value to the Company both through its development drilling and also through the implementation of low cost workovers and recompletion of wells that had been shut in or had been producing minimally. Blackbird has a very strong team in the field implementing these workovers on a cost effective basis and achieving excellent results. The Flaxcombe Project is the first acquisition by our new Blackbird team and we are very pleased with the incremental growth in the production to date.”

Mr. Braun went on to state, “Our Blackbird team is focused on diversifying its project mix with the addition of high quality oil projects in southwest Saskatchewan. We continue to focus on originating several high quality plays through the assembly of land positions.”

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