PDP Reserves up 126%
Canadian junior Blackbird Energy (ticker: BBI) announced reserves today and provided an update on the results of its recent drilling efforts.

Blackbird reports PDP reserves at 3.18 MMBOE, more than double last year’s reserve level.

These new reserves are all booked through Blackbird’s drilling program, as the company added 4.8 net wells to its productive well count for the year. The company’s 2P reserves were much more steady at 59.1 MMBOE, up 9% from last year. Blackbird’s NPV10 for PDP reserves increased significan...

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