Bird River Resources Inc. Acquires Additional Oil and Gas Exploration Property
February 22 2011 - 6:30AM
Marketwired Canada
Bird River Resources Inc. (CNSX:BDR) is pleased to announce that it was the
successful bidder on a 160 acre (94 hectare) oil and gas parcel located at NE
1/4 of 14-22WPM. The parcel (lease) is situated approximately 11 KM north east
of Pierson, Manitoba. The public offering of Crown Oil and Gas Rights was held
by the Government of Manitoba and the lease is for a five year term.
We are very optimistic about the potential of this property as it is near the
Regent Field and there are three producing horizontal wells immediately north
west of the Bird River Resources new 100% held lease. The lease agreement allows
the drilling of up to four vertical wells or six horizontal wells on the
property.
Additionally, BDR had previously acquired a 25% interest in several leases in
the Pierson area with its joint venture partner Antler River Resources.
About Bird River Resources Inc.
BDR is a Winnipeg, Manitoba based resource exploration company. The Company is
focusing on oil and gas exploration opportunities in south western Manitoba. BDR
presently holds a 5% gross and a 4% net participation in four producing oil
wells and one new well under development. Bird River Resources Inc. has
10,470,225 common shares outstanding and trades on the Canadian National Stock
Exchange (CNSX) under the symbol BDR.
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