Canadian Oil

[sumisu]

Bulldog Resources Announces Fertile Pool Reduced Well Spacing Approval, Updated Reserves Evaluation and Third Quarter Results

Thursday November 8, 4:05 pm ET

CALGARY, ALBERTA--(Marketwire - Nov. 8, 2007) - BULLDOG RESOURCES INC. (TSX:BD - News)

HIGHLIGHTS

- Fertile Pool - reduced well spacing approved

- September 30, 2007 GLJ reserve update - 60% increase in proven plus probable reserve to 5.194 million BOE from 3.240 million BOE as at December, 31, 2006

- Drilled 14 oil wells (6.75 net) in Q3 (100% success rate )

- Increased Q3 production volumes 23% to 2,031 BOE/day from 1,648 BOE/day in Q2

- Increased Q3 cash flow per share 33% to $0.36 per share from $0.27 per share in Q2

- Achieved Q3 "top decile" field netback and cash flow of $56.98 and $53.93 per BOE.

- Continued operational efficiencies resulted in low production and transportation expenses in Q3 of $3.55 per BOE.

QUARTERLY SUMMARY

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http://biz.yahoo.com/ccn/071108/200711080424241001.html?.v=1