Bow Valley Energy Ltd., Calgary, (Toronto: BVX) reports an oil discovery in the U.K. North Sea at Blackbird on Block 20/2a, six kilometers south of the company’s Ettrick field development.
The company reports that the well encountered 111 feet of net pay in multiple zones. The well was drill-stem tested and flowed at an average restricted rate of 3,800 barrels of oil per day through a 34/64-inch choke. Analysis indicates light crude oil in good quality reservoir sands. The well has been suspended for use as a potential production well.

Bow Valley owns a 12% interest in the Blackbird well with Nexen, as operator, with a 79.73% working interest and Atlantic Petroleum at 8.27%.

“The company is successfully building a full cycle exploration and production company of significant size in the U.K. North Sea,” says Bow Valley chief executive R.G. Moffat. “Three producing fields at Kyle, Enoch and Blane combined with two pre-production fields at Chestnut and Ettrick, a pre-sanction field at Peik and now a new pool discovery at Blackbird is creating a balanced portfolio that should provide continued shareholder value growth.”

Bow Valley Energy has operations in the U.K. sector of the North Sea and Alaska. JAS