Blackbird Energy (CVE: BBI)
Company Overview
Blackbird Energy is a Canadian oil and gas exploration and development company focused on the liquids-rich Montney fairway at Pipestone, near Grande Prairie, Alberta. Blackbird holds a 100% working interest in 134 gross (114.5 net) sections of highly prospective Montney rights.
Blackbird achieved record revenue and operating netback from its Pipestone / Elmworth project during the second quarter of 2018. The Company reported six million of petroleum and natural gas revenue and $3.4 million of operating netback during the three months ended January 31, 2018.
In January Blackbird expanded its existing undrawn operating loan facility from $1.0 million to $20.0 million, which brought its future available funding to $27.0 million
Summary
- Q1-2018 Revenue: $6.4 million
- Q1-2018 Production: 1.4 (MBOE/day)
- Total Common Stock Outstanding: 749 million
- Enterprise Value: $298 million
Management Team
Garth Braun – Chairman, President & CEO
Karen Minton – CFO
Craig Wiebe – Vice President, Exploration
Don Noakes – Vice President, Operations
Ralph Allen, P.Geo – Vice President, Geo-science
The Oil and Gas Conference®
Blackbird Energy is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
