Blackbird Energy – Page 2

Blackbird Energy Provides Initial Production Results from Pipestone/Elmworth Montney Condensate Play

January 9, 2018

Blackbird Energy Inc. (ticker: BBI) had production results from three new development wells on its condensate-rich Pipestone/Elmworth Montney play. Blackbird also completed its planned delineation program and provided its preliminary 2018 outlook. Initial Production Results Blackbird’s total corporate December sales production averaged an estimated 1,972 BOEPD (55% liquids), with production online for 28 of a possible 31 days through the

Blackbird Energy Announces Q1 2018 Results

December 29, 2017

Blackbird Energy (ticker: BBI) has released its financial and operational results for the quarter ended October 31, 2017, Q1 2018 in Blackbird’s financial calendar. Highlights Q1 2018 Production: While on production during the quarter, Blackbird produced 5.6 MMcf/d of natural gas, 863 bbls/d of condensate and 80 bbls/d of NGLs for total production of 1,876 BOEPD. During the three months

Blackbird Energy Inc. (TSX-V: BBI) 2017 Year End Results

November 29, 2017

2017 highlights Equity financing – closed an upsized and over-subscribed marketed public offering for total gross proceeds of $84.8 million on March 14, 2017 Reserves – reported Pipestone/Elmworth Montney proved plus probable (2P) reserves of $395 million Revenue – $6.2 million during the year ended July 31, 2017, with $48.8 million of working capital surplus Q4 and 2017 production: While

Blackbird Energy’s Montney Growth Continues to Ramp

November 2, 2017

Debt-free Blackbird Energy chalks up production record, scores new long-term gas processing agreements, secures ownership option for processing capacity in the Montney In an operational update put out by the company Wednesday, Blackbird Energy (ticker: BBI) highlighted several announcements including a new company record for production and a new gas processing agreement in Alberta’s Montney play. For the period of

Blackbird Energy Appoints Chief Financial Officer

October 20, 2017

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

EnerCom’s 2017 Conference Day Two Breakout Notes: Blackbird Energy

August 15, 2017

Blackbird Energy Breakout Notes Garth Braun, president, CEO, and chairman of Blackbird Energy Inc., (ticker: BBI) presented today at EnerCom’s The Oil & Gas Conference® 22. Blackbird Energy, a Canadian, Montney-centric producer, intends to advance its production out of the prolific shale to approximately 32 MBOEPD by the end of 2021. It plans to do so by drilling new wells

Blackbird Energy Adds Montney Rights, Wells

July 25, 2017

Calgary-based Blackbird Energy Inc. (ticker: BBI) added additional acreage in its Pipestone/Elmworth location and reported updates to its development program and its expansion of the Eastern Pipestone/Elmworth gathering system. More in the Montney Blackbird increased its Pipestone/Elmworth Montney rights to 125 gross (108.9 net) sections—equivalent to 80,000 gross (69,696 net) acres. This is up from its previous 76,800 gross (66,469

Blackbird Energy Plans 3 More Montney Wells

July 3, 2017

Blackbird Energy announced that it plans to drill and complete approximately three operated wells through the end of the calendar year Calgary-based Blackbird Energy (ticker: BBI) announced the company’s results for the quarter ended April 30, 2017 – Q3 for the company. In the company’s release, Blackbird announced that it exited the quarter with $71.8 million of working capital on

Blackbird Energy Continues to Capitalize on the Montney Shale

June 22, 2017

Blackbird Energy Inc. (ticker: BBI) is pure-play focused on the Pipestone liquids-rich corridor of the Montney shale. The company holds a total of 120 gross, 103.9 net sections—equivalent to 76,800 gross, 66,496 net acres—in the Montney shale play, all of which are contiguous. Acquisitions Over the past several months, Blackbird has undertaken a number of acquisitions in order to increase

Blackbird Energy Provides Operational Update in the Montney

May 19, 2017

Blackbird Energy plans to drill 11 operated wells in fiscal 2017 and 2018 Calgary-based Blackbird Energy (ticker: BBI) announced updates to both its operated and non-operated drilling programs Thursday. In the release, Blackbird said that the company plans to drill and complete an additional eight operated development wells on its western acreage and three operated delineation wells on its eastern

Blackbird Energy Announces 2P Reserves of $455 Million

March 27, 2017

Blackbird Energy announces 913% increase in 1P reserves Blackbird Energy (ticker: BBI) released a reserves report Monday which announced the company’s proved reserves (1P) increased 913% to 30,526 MBOE (46% NGLs), according to the company’s press release. The net present value of the company’s 1P reserves discounted 10% (NPV10) was $204 million based on an independent reserves evaluation, a 1,356%

UPDATE: Blackbird Energy Receives Capital for 12 Well Program

March 16, 2017

Update: Blackbird acquires additional acreage in the Montney Blackbird Energy Inc. announced that it has entered into a binding agreement with Knowledge Energy Inc. for the acquisition of two gross sections (two net) of Montney rights for total consideration of 1,923,077 Blackbird common shares. These lands are contiguous with Blackbird’s existing lands and will, upon closing, increase Blackbird’s Montney rights

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