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BSP

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Share Name Share Symbol Market Type
TSXV:BSP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Big Sky Petroleum Drills the Midboe 4-3 Science Well

20/03/2012 8:15pm

Marketwired Canada


Big Sky Petroleum Corporation (TSX VENTURE:BSP) - The Midboe 4-3 Science Well
has been drilled to total depth. The well was drilled to determine the reservoir
characteristics of the Bakken and Three Forks formations. The well was intended
to determine the prospectiveness of the eastern flank of the Kevin Dome and the
information will be included in our revised geological model, which will
determine our future geographic area of interest. 


The 81-4 Well, located in Glacier County, Montana, is expected to receive
permitting approval in Q2. The Company plans to drill a 4,500' pilot hole to
test the Middle Bakken. Based upon results of the vertical test, a 3,500'
horizontal leg is planned for the Middle Bakken. Frac design, stimulation and
completion programs will be concluded after all well data has been processed and
evaluated. 


The Somont 14-29 Well is still being tested and evaluated. The evaluation from
this well will determine the horizontal drilling and completion program for the
Somont 15-13 Well, which has been drilled vertically and awaiting completion. 


Bill Stelzer, Big Sky's Senior Geologist, has commented that "we continue to be
optimistic with our results. We have encountered oil saturated formations in our
objective targets and we are awaiting a complete engineering evaluation of the
14-29 horizontal well bore."


About Big Sky

Big Sky is an oil and gas exploration and development company based in Billings,
Montana, with its main focus primarily on the exploration and development of oil
and gas in the Alberta Basin, commonly referred to as the Bakken source system.
Big Sky's operations covers an approximate 100,000 net mineral acres in Toole
and Glacier Counties, Montana, of which Big Sky has a 33.33% interest. 


Sam Nastat, President

This press release contains "forward-looking information". Such forward-looking
statements reflect our current views with respect to future events and are
subject to certain risks, uncertainties and assumptions, including, the risks
and uncertainties outlined in our most recent financial statements and reports
and registration statement filed with the Canadian securities administrators
(available at www.sedar.com). Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those anticipated, believed, estimated or expected.


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