Canadian Oil

[sumisu]

Bulldog Resources Releases First Quarter Report and Fertile Pool Assessment of Resources and Reserves

Thursday May 10, 1:56 am ET

CALGARY, ALBERTA--(CCNMatthews - May 10, 2007) - BULLDOG RESOURCES INC. (TSX:BD - News):
HIGHLIGHTS

- Increased production 35% to 1,697 BOE/day in Q1 from an average of 1,261 BOE/day in Q4, 2006.

- Cash flow increased 38% to $7.3 million in Q1 from $5.3 million in Q4, 2006.

- Cash flow per share increased 29% to $0.27 per share in Q1 from $0.21 per share in Q4, 2006.

- Achieved field netbacks of $51.17 per BOE and cash flow of $47.83 per BOE in Q1.

- Continued low production expenses of $2.12 per BOE in Q1.

- Drilled 9 gross (4.53 net) wells in Q1 resulting in 7 oil wells (3.08 net), one well (0.45 net) currently waiting on completion and one net D&A well.

- GLJ's assessment of resources and reserves on Bulldog's Fertile property was completed in May 2007.

- Closed two property acquisitions.

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http://biz.yahoo.com/ccn/070510/200705100389771001.html?.v=1