Blackbird Energy Inc. (ticker: BBI) has appointed Karen Minton as its CFO effective immediately, the company announced yesterday.
In a press release Blackbird outlined Minton’s almost two decades of experience in senior financial roles in oil and gas and alternative energy. Prior to her appointment as Blackbird CFO, Minton was CFO at Lighthouse Oil & Gas. Previously she was corporate controller of Equal Energy Ltd. and VP finance and CFO of Dynetek Industries Ltd. Minton obtained her Chartered Accountant designation in 1993 and holds a Bachelor of Commerce degree from the University of Calgary.
“I am delighted to have Karen join the Blackbird team … to oversee critical steps in Blackbird’s growth, including finalizing significant gas handling agreements and securing non-dilutive funding as the company transitions to full development,” Blackbird CEO Garth Braun said in a statement.
In connection with her appointment, Minton has been granted 1,000,000 stock options exercisable at a price of $0.375 until October 19, 2022 pursuant to the terms of the company’s stock option plan, subject to the acceptance of the TSX Venture Exchange.
With the appointment of Minton, Ron Schmitz will step down as Blackbird’s interim CFO and will continue to serve on Blackbird’s board of directors.
Blackbird Energy holds a 100% working interest in 125 gross (108.9 net) sections of Montney rights, targeting condensate at the liquids-rich Montney fairway at Pipestone, near Grande Prairie, Alberta. In the near term, Blackbird is targeting the drilling, completion and recompletion of a total of six development wells and the drilling and completion of four (1.75 net) delineation wells, expecting a total of five Upper Montney wells and three Middle Montney wells on production, and five (2.75 net) wells behind pipe, Braun said in a September letter to shareholders.
Source: Blackbird Energy
