CALGARY, ALBERTA--(Marketwired - Jan. 22, 2015) - Blackbird Energy Inc. (TSX VENTURE:BBI) ("Blackbird" or the "Company") is pleased to announce that Mr. Craig Wiebe has been appointed to the position of Vice President, Exploration. Prior to his appointment as Vice President, Exploration, Mr. Wiebe held the position of Consulting Geologist with Blackbird.
Mr. Wiebe is a Professional Geologist with over 20 years exploration and development experience, the majority being in unconventional resource plays. Mr. Wiebe was responsible for establishing a dominant position in a multi-TCF gas play for a major oil and gas exploration and production company, as well as co-founding a successful startup company that was one of the first to develop the Montney with horizontal multi-stage fracs.
Mr. Wiebe has extensive knowledge of the Montney throughout British Columbia and Alberta and also brings considerable operational expertise, having been directly involved with drilling several hundred horizontal wells.
Prior to joining Blackbird Mr. Wiebe held positions of increasing responsibility with AEC Oil and Gas, Grad and Walker Resources, Amber Energy, EnCana and Standard Energy. In addition, Mr. Wiebe has completed consulting engagements for a number of companies including Saguaro Resources and Capio Exploration.
Garth Braun, Blackbird's Chairman, President and CEO stated "The appointment of Mr. Wiebe as Blackbird's Vice President, Exploration exemplifies our continuing ability to attract top-tier individuals to our team. We look forward to the many impactful contributions to be made by Mr. Wiebe as we continue our leading edge exploration, development and consolidation program at our Elmworth Montney project."
In connection with his appointment Mr. Wiebe has been granted 1,250,000 stock options exercisable at a price of $0.245 until January 21, 2020 pursuant to the terms of the Company's stock option plan. This stock option grant is subject to the acceptance of the TSX Venture Exchange.
With the appointment of Mr. Wiebe as Blackbird's Vice President, Exploration, Mr. Ralph Allen, Blackbird's previous Vice President, Exploration has moved to the role of Vice President, Geoscience, providing a key role in working with Mr. Wiebe on the Company's exploration projects.
Blackbird Energy Inc. is an emerging oil and gas exploration company focused on the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta.
For more information please view our Corporate Presentation at www.blackbirdenergyinc.com.
On behalf of the board of BLACKBIRD ENERGY INC.
Garth Braun, Chairman, President and Chief Executive Officer
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements or information (collectively referred to herein as "forward-looking statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. Such statements include, but are not limited to, management's beliefs as to the leading edge nature of the Company's exploration, development and consolidation program at its Elmworth project. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic and business conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with oil and gas exploration, development and production including drilling risks, (3) the price of and demand for oil and gas and their effect on the economics of oil and gas exploration, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this press release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
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