July 25, 2018 - 9:30 AM EDT
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Oil and Gas Producer Provides Operational Update

Source: Streetwise Reports   07/24/2018

The company reports progress on several fronts at its Montney property in Alberta.

Blackbird Energy Inc. (BBI:TSX.V) recently announced progress on drilling activity, infrastructure build out and development planning.

Construction of its 9-14 pad-site has been completed north of the Wapiti River and the company expects to spud its first well there in early August. A rig has been contracted for the drilling of 7 (7.0 net) Montney wells and 2 (2.0 net) water disposal wells. The expected completion date is before June 2019.

In the fall of 2018, construction of its gas management site located at 5-14-071-07-W6M in the Dimsdale area is expected to begin. Two water disposal wells and a compressor facility will be included at this location. The wells and compressor will be connected to the planned Tidewater Midstream & Infrastructure Ltd. deep cut sour gas processing facility.

Surface rights to all lands related to the gas management site have been secured by the company.

The development work includes the acquisition of 16 pad sites, with an additional 6 pad sites surveyed and the licensing of 29 Montney wells. Fourteen of these licenses are for the area north of the Wapiti River.

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Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Blackbird Energy, a company mentioned in this article.

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( Companies Mentioned: BBI:TSX.V, )

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Source: Equities.com News (July 25, 2018 - 9:30 AM EDT)

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