Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018. Highlights from the Q1 2019 Results: Petroleum and Natural Gas Sales $7.4 million ($46.31/boe) of petroleum and natural gas sales during the three months ended October 31, 2018. Represents a 186% increase from the comparative three months ended October
Alberta-based Blackbird Energy Inc. (stock ticker TSX-V: BBI) shareholders have approved the strategic combination of Blackbird and Pipestone Oil Corp. by a majority of over 99% of votes cast. Blackbird is focused on the condensate and liquids-rich Montney fairway at Pipestone/Elmworth, near Grande Prairie, Alberta. At a special meeting, its shareholders also approved the continuance of Blackbird from British Columbia
October 30, 2018 18:00 ET | Source: Blackbird Energy Inc CALGARY, Alberta, Oct. 30, 2018 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (“Blackbird”) (TSX-V: BBI) and Pipestone Oil Corp. (“Pipestone Oil”) are pleased to announce that they have entered into an agreement (the “Arrangement Agreement”) dated October 29, 2018 that provides for the combination of Blackbird and Pipestone Oil (the “Transaction”). Concurrent with the
Blackbird Energy Inc. (ticker: BBI) announced today a non-brokered private of 32.5 million common shares of the Company for aggregate gross proceeds of $12.4 million, of which: 20.0 million common shares will be issued on a “flow-through” basis in respect of Canadian Development Expenses (“CDE”) at a price of $0.37 per share for gross proceeds of $7.4 million; and 12.5
Blackbird Energy Inc. (TSX-V: BBI) has provided an operational update including planned drilling activity, an update on infrastructure build out and the continued progression of its development planning. Development program north of the Wapiti River expected to commence in early August: Blackbird has completed the construction of its 9-14 pad-site and expects to spud its first well from this location
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
Blackbird Energy, Inc. (TSX-V:BBI) announced that for the three months ended April 30,2018 the company achieved a record high of $6.4 million ($49.81/BOE) of petroleum and natural gas sales, a 94% increase year-over-year for Blackbird. Blackbird was only able to produce for 70% of the quarter thanks to unscheduled third-party downtime, but managed a three month average of 1,447 BOEPD.
Blackbird Energy (TSX-V: BBI) has announced the results of an independent resource evaluation of its Pipestone/Elmworth Montney lands by McDaniel & Associates Consultants Ltd. McDaniel & Associates conducted the resource evaluation for this same area of lands for Blackbird Energy one year ago. The 2018 reports show a 149% increase of Best Estimate Development Pending Contingent Resources to 112.2 MMBOE
Blackbird Energy Inc. (ticker: BBI) reported for the three months ended January 31, 2018, a net loss of CDN$1.71 million, or a net loss per share of $(0.00). For the six months ended January 31, 2018, the company reported a net loss of $3.4 million, or $(0.00) per share. Note: (1) See the company’s Q2 2018 financial statements and related
Blackbird Energy Inc. (ticker: BBI) has released test results from its 3-27-71-7W6 Upper Montney delineation well. The well flowed at an average estimated sales rate of 1,188 BOEPD (53% liquids, liquids/gas ratio of 190 Bbls/MMcf) over the final 48-hours of a 12-day production test. The 3-27-71-7W6 Upper Montney delineation well was drilled to a total depth of 4,604-meters with a
Blackbird Energy Inc. (ticker: BBI) has released test results from its 2-20-70-6W6 Middle Montney delineation well, which is located on the company’s eastern multi-interval delineation block. The well is more than five kilometers east of Blackbird’s previous operated development drilling. The 2-20-70-6W6 Middle Montney Delineation well produced at a short-term rate of 1,163 BOEPD, including 824 Bbls/d of condensate, Blackbird
Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month. Estimated sales production averaged 1,056 BOEPD on a calendar day basis through January, with volumes being impacted by approximately 14 days of
