Blackbird Petroleum Enters into Agreement to Acquire all of the Assets of Black Goose
Plano, TX, Mar 04, 2009 (WORLD STOCK WIRE via COMTEX) --
Company: Blackbird Petroleum Corp (BBRD)
Blackbird Petroleum Corporation ("Blackbird") (OTCBB:BBRD) announced today that it has entered into a Letter of Intent with Black Goose Holdings, Inc. ("Black Goose"), an Alberta corporation to acquire all of the assets of Black Goose.
Black Goose is a private company that began operation in 2006 in Calgary, Alberta, Canada. Having raised in excess of $10mm, Black Goose has amassed over 40,000 acres of land that represent potential significant oil and gas reserves. In acquiring these lands, Black Goose has utilized an innovative exploration strategy combined with technology and strategic partnerships.
Upon closing, Blackbird will acquire approximately 21,000 acres (net) in South Adsett, British Columbia. This area is highly prospective for both Slave Point gas and Debolt gas. Blackbird will also acquire approximately 11,000 acres in Rambling, Alberta. This area is prospective for Gilwood and Bluesky oil. In addition, Blackbird will acquire all of the seismic data and other intellectual property and modeling assembled by Black Goose. Management of Black Goose has agreed to work with Blackbird in connection with the development of the resources.
Commenting on the agreement with Black Goose, Mr. Antonio Treminio, Chairman of the Board of Blackbird stated, "We are very pleased that we have been able to obtain these lands and data. This will clearly accelerate Blackbird's business opportunities, not to mention the cost savings to Blackbird, as Black Goose has already spent in excess of $10mm assembling these lands and data."
Mr. Angus Jenkins, President of Black Goose said he: "Welcomes the opportunity to be associated with a public company with the ability to further the exploration started by Black Goose and to deliver reserve value."
About Blackbird Petroleum Corporation:
Blackbird Petroleum Corporation is focused on exploration, acquisition, development and production of oil and natural gas reserves in Western Canada. Blackbird's business strategy is to economically increase reserves, production, and the sale of natural gas and oil from existing and acquired properties in Western Canada in order to maximize shareholders' return over the long term. Blackbird intends to maintain a balance between exploration, land acquisition, production and development drilling for oil and gas reserves. Simultaneously, Blackbird will also consider asset and corporate acquisition opportunities.
The company's website can be viewed at: http://www.blackbirdpetroleum.com/
About Black Goose Holdings, Inc.:
Black Goose Holdings, Inc. is an emerging oil and gas exploration company built to deliver top-tier cash flow through the use of an innovated exploration strategy combining proven technologies ands strategic partnerships.
The company's website can be viewed at: http://www.blackgoose.ca/
Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995. Certain statements in this press release regarding future expectations, objectives, intentions and plans for oil and gas exploration, development and production such as "may," "potentially," "expects," and similar terms may be regarded as "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management's current view and plans, however, are subject to numerous known and unknown risks, further testing and analysis, uncertainties and other factors that may cause the actual results, performance, timing or achievements of the Company to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. The Company undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.
Contact Information:
Antonio Treminio, CEO & Chairman, Blackbird Petroleum
Telephone: 1-212-315-9705
email: atreminio@blackbirdpetroleum.com
Antonio Treminio
Blackbird Petroleum
4225 New Forrest Dr.
Plano, TX 75093
USA
Phone: 212-315-9705
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Company: Blackbird Petroleum Corp (BBRD)