Upcoming drilling plan significantly exceeds last year’s
Blackbird Energy (ticker: BBI) announced full year results today, showing production growth of 47% year-over-year.

Blackbird produced an average of 1,148 BOEPD in the final quarter of its fiscal year, compared to 782 BOEPD last year. This growth was achieved despite the significant difficulties encountered at a third-party gas processing facility. Blackbird was only able to produce for about 58% of the quarter due to shut-downs at this facility, so production will likely increase further in coming quarters. During the periods Blackbird was producing, the company averaged 1,754 BOEPD.

The company is working to shore up its facilities and is in the process of building a gas manag...

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