BlackRock Updates Activities Reports 470% Increase in Oil Production.Business Editors CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Oct. 5, 2000 BlackRock Ventures BlackRock Ventures Inc. TSX: BVI is a Calgary, Alberta based oil company active in the exploration, development and production of heavy oil in western Canada. On July 10, 2006 Shell Canada completed its buy out of Black Rock for approximately $24CDN per share or Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVI.) announced today that it has completed a successful summer drilling program and production from its conventional oil properties is in excess of 2,000 bopd, a 470% increase from its 1999 exit rate of 350 bopd. BlackRock has drilled 23 wells to date in 2000, resulting in 19 producing wells. Twenty of these wells were drilled in the Company's core areas near Lloydminster Saskatchewan. The Company has a 20 well fall drilling program planned for the Lloydminster area. In the Eagle Creek Eagle Creek may refer to: A number of locations in Saskatchewan, Canada:
Mr. Burton, President, indicated that "we are extremely pleased with the results of our drilling and well optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. program to date. We have achieved our year-end target exit rate in the first nine months of 2000, and are confident that our fall drilling program will further enhance the significant growth in production achieved so far this year". |
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