BLACKDOG RESOURCES LTD. BE aWARE of DOG

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BLACKDOG RESOURCES LTD.BE aWARE of DOG

• SEPAC PRESENTATION
• November 5, 2007

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Forward Looking Statements

• This corporate update and presentation contains
  statements about future events that are forward
  looking in nature, and as a result, are subject
  to certain risks and uncertainties such as
  changes in plans or the occurrence of unexpected
  events. Actual results may differ from the
  estimates provided by management. BOE may be
  misleading, particularly if used in isolation. A
  BOE conversion ratio of 6 MCF 1 BBL is based on
  an energy equivalency conversion method primarily
  applicable at the burner tip and does not
  represent a value equivalency at the wellhead.

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BLACKDOG RESOURCES LTD.

• Founded in September, 2004 to exploit oil and gas
  opportunities in WCSB using non traditional oil
  patch thinking
• Unrelenting focus on business fundamentals and
  cost containment first, oil and gas technical
  evaluation second
• Key strategy to leverage capital investment via
  purchase of overlooked unloved but valuable
  production assets and strategic capital
  deployment through drill bit.
• Very limited capital investment towards land,
  full time technical employees, office space,
  overhead. In short we spend our investors money
  in the ground.

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BOARD OF DIRECTORS

• DAVID A. CORCORAN PRESIDENT AND CEO
• - Diversified business background and
  skill-set allows Blackdog to be run as
  one-man shop, eliminating duplication of
  all tasks
• GEORGE J. HILL - EXECUTIVE CHAIRMAN
  AND DIRECTOR
• 
  - 30 plus years of patch experience with
  pubic and private entities (Enterra,
  Bighorn, Ryan Energy, and others)
• T. W. (TIM) MORGAN - LEAD DIRECTOR
• 
  - founded WestJet Airlines Ltd.
• DR. GARTH VON HAGEN - DIRECTOR
• 
  - former director of CV
  Technologies
• DARCY MORGAN - DIRECTOR
• 
  - software supplier to oil and gas
  industry since 1998
• LINDA LEGERE-TETZLAFF - CHIEF FINANCIAL OFFICER
• 
  - 13 years at Price
  Waterhouse Coopers

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Snapshot November 1, 2007
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PROPERTIES
Gold Creek (19) 1 well to be drilled Nov 07
Breton (15) 1 natural gas well producing 4
additional wells planned
Gold Creek
Whitebear (100) 5 light oil wells 1 horizontal
re-entry being evaluated
Breton
Crystal (15) 1 natural gas well producing 2
additional wells planned
Crystal
Whitebear
Harmattan
Harmattan (15) 1 natural gas well producing 1
additional well planned
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EXISTING PRODUCTION

• Whitebear, Saskatchewan - Blackdog has a 100
  interest in a 30 BOPD light oil property near
  Carlyle, Saskatchewan. The property has 5 wells
  , 4 of which are in production, one of which is
  off-line until Spring 2008. At WTI prices of 75
  U.S, the property cash flows over 30K per month
  to Blackdog. The wells have low decline rates
  and are expecting to continue at or near this
  rate for 2008.
• Pembina (Crystal 2-6 well) Blackdog has a 15
  interest in a natural gas and liquid-rich
  exploration well that was drilled in October
  2006. After lengthy delays the well was put on
  line on October 4, 2007 at initial rates of 1.4
  MMcf/day and 40 boepd liquids. This nets 40
  boepd to Blackdog.
• Pembina (Breton 3-29 well) Blackdog has a 15
  interest in a natural gas and liquid rich
  exploration well that was drilled in November,
  2006. After lengthy delays the wells was put on
  line on October 9, 2007 at initial rates of 1.0
  MMcf/day and 30 barrels of liquids. This nets 30
  boepd to Blackdog.
• Harmattan (6-22 well) - Blackdog has a 15
  interest in a natural gas and liquid-rich
  exploration well that was drilled in December
  2006. The well commenced production in June,
  2007 and has averaged .35 MMCF/day and 6 barrels
  of liquids per day. This nets 10 boepd to
  Blackdog.

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CURRENT MARKET TRENDS

• JUNIOR OIL AND GAS SECTOR IN CHAOS
• TOO MUCH DEBT
• NO ACCESS TO CAPITAL
• LAND EXPIRATIONS EVERYWHERE
• OUT OF CONTROL OVERHEARD
• LOW NATURAL GAS PRICES
• NET EFFECT WALKING THE GREEN MILE
• DRILLING COSTS DROPPING LIKE A ROCK 15-20 LESS
  THAN Q4 2006
• RIG UTILIZATION LESS THAN 40
• BIG BOYS SITTING OUT WINTER DRILLING SEASON
• FARM-IN TERMS IMPROVING BIGTIME BETTER DEALS/
  BETTER RATES
• LA NINA EFFECT POTENTIAL COLDEST WINTER SINCE
  2000 LIES AHEAD
• NATURAL GAS PRODUCTION DECLINING IN WCSB BY 15
  IN 2009

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BLACKDOG Q4, 2007 DRILLING PROGRAM

• PEACE RIVER ARCH - Blackdog has signed a
  farm-in agreement to participate in the drilling
  of a development well in the Gold Creek area.
  Blackdog will pay 25 of all costs to completion
  or abandonment to earn a 19 interest. An offset
  well to the target well by the same operator
  drilled in Q4, 2006 tested at 700 boepd of
  natural gas and liquid-rich fluids. The well is
  scheduled to be drilled in November 2007.
  Infrastructure in place for immediate tie-in.
• PEMBINA (CRYSTAL) - Blackdog has signed a
  farm-in agreement to participate in the drilling
  of an exploration well in Pembina (Crystal) area
  nears its 2-6 Crystal well. Under the terms of
  the farm in Blackdog will pay 20 of all cost to
  completion or abandonment to earn a 12 interest
  in two sections of land. The first well is
  scheduled to be drilled in Q4, 2007 with a
  follow-up well on the earned lands scheduled to
  be drilled in Q1, 2008. Infrastructure in place
  for immediate tie-in.

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2008 Drilling Opportunities

• Peace River Arch Blackdog is investigating
  several high impact Peace River Arch
  opportunities both near its Gold Creek 15-2 well
  and in other areas. It is possible one of these
  opportunities might be advanced to Q4, 2007.
• Pembina - Blackdog has up to 9 targets
  identified for drilling in 2008 in Pembina. Some
  wells will be in areas where Blackdog owns lands
  and others will be under new farm ins under
  negotiation. All wells will be in areas with
  existing infrastructure and capacity in place for
  quick tie in if successful. Blackdog anticipates
  drilling 3-4 in Q1, 2008 alone in this area.
• Whitebear, Saskatchewan - Blackdog has been in
  discussions with a third party about using one of
  Blackdogs wells to drill a horizontal well into
  a potential new pool on our Whitebear property.
  This could occur by Q2 2008.
• The WCSB is our oyster- Blackdog continues to
  look at multiple deals and projects within the
  WCSB. With the ongoing carnage of our
  competitors we are positioned and ready to pounce
  at anytime if the deal is right.

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CASH REQUIREMENT FOR 2008

• Blackdog plans to grow cash flow to 500k per
  month by Q1, 2009. Several financing
  alternative are under consideration to supplement
  our internal cash flow.
• Q4 2007 Flow-Through Financing(FTS) - Dependent
  on share price.
• - Will not dilute at
  current prices. 12
• Q4 2007 Non Flow-Through Financing - Many
  investors provided feedback to us last year
  that they wanted to invest but did not need
  FTS.
• Debt Financing - Blackdog has been in
  discussions with banks to obtain an operating
  line between 500k
  - 1000K. Blackdog prefers to remain debt free
  but will use this
  option versus too dilutive of an equity
  financing.
• Internal Cash Flow - Blackdog anticipates that
  cash flow in Q1 2008 will increase to 200K
  per month. If so, the corporation could
  forgo all financings if
  satisfactory terms are not available and grow via
  internal cash flow.

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PROMOTIONAL PLANS FOR Q4, 2007

• TIME TO TURN UP THE HEAT AND
• LET THE DOG HUNT
• Multiple brokerage presentations planned for
  Calgary, Vancouver, Edmonton, Kelowna
• Full page ad in Calgary Herald SEPAC pullout on
  October 30, 2007
• Presenting at SEPAC, November 5, 2007 at 125
  p.m.at the Westin in Calgary
• Negotiating with multiple Investor Relations
  firmsfor Q1, 2008 rollout
• Share buyback under immediate consideration
• Marketing package being prepared for Flow Through
  LP Funds (feedback is that they cannot fill their
  books at this time)