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Last C$0.26 CAD
Change Today -0.005 / -1.92%
Volume 823.5K
As of 4:15 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

blackbird energy inc (BBI) Snapshot

Open
C$0.27
Previous Close
C$0.26
Day High
C$0.27
Day Low
C$0.25
52 Week High
02/17/15 - C$0.49
52 Week Low
03/27/14 - C$0.09
Market Cap
86.0M
Average Volume 10 Days
1.3M
EPS TTM
C$-0.04
Shares Outstanding
337.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACKBIRD ENERGY INC (BBI)

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blackbird energy inc (BBI) Details

Blackbird Energy Inc., a junior oil and gas company, engages in the acquisition, exploration, development, and production of petroleum and gas properties in western Canada. It primarily holds 100% working interest in the Elmworth project comprising 50 net sections covering 32,000 net acres located near Grande Prairie, Alberta. Blackbird Energy Inc. also holds projects in Saskatchewan. The company was incorporated in 2006 and is headquartered in Calgary, Canada.

Founded in 2006

blackbird energy inc (BBI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$113.2K
Chief Operating Officer and Director
Total Annual Compensation: C$120.0K
Secretary, Director and Member of Audit Commi...
Total Annual Compensation: --
Vice President of Business Development
Total Annual Compensation: --
Vice President of Geoscience
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

blackbird energy inc (BBI) Key Developments

Blackbird Energy Inc. Announces Two Significant Condensate and Liquids-Rich Gas Discoveries at Elmworth

Blackbird Energy Inc. announced that its first two operated horizontal Montney wells, which are located at 06- 26-70-07-W6 (‘06-26’) and 05-26-70-07W6 (‘05-26’) on Blackbird's 69 section land block at Elmworth, Alberta, Canada, have been successfully completed and tested. The 06-26 and 05-26 wells were drilled into the Middle Montney and Upper Montney intervals respectively, and both wells represent significant condensate and liquids-rich gas discoveries for Blackbird. Blackbird is operator and has a 100% working interest in both wells and its lands at Elmworth. The 06-26 well, which targeted the Middle Montney interval, was drilled to a total measured depth of 4,734 meters, including a horizontal lateral of 2,052 meters. The well was stimulated with a 14 stage slick-water plug-and-perf completion with three to five perforations per stage, for a total of 51 intervals, and approximately 55 tonnes of proppant per interval. A total of 15,500m3 (approximately 97,500 barrels) of slick-water was pumped down-hole. The 06-26 well flowed on cleanup, recovering approximately 21.7% of its load fluid prior to being shut-in. The 06-26 well was tested for 72 hours with a significantly restricted bottom hole choke (15/64 inch) due to infrastructure constraints, which Blackbird plans to mitigate over the course of 2015. Over the final 48 hour test period, the well was flowing up tubing with a flowing tubing pressure of 3,451 kPa (501 psi) and a bottom-hole flowing pressure of 19,440 kPa (2,820 psi) at a rate of approximately 407 boe/d (44% liquids), including 1.36 mmcf/d of natural gas, 133 bbls/d of 50 degree API condensate and an estimated 47 bbls/d of plant recoverable natural gas liquids ("NGLs"), for a total liquids to gas ratio of 133 bbls/mmcf. During the 48 hour test, the well returned approximately 717 bbls/d of load fluid, as the well is still cleaning up. As is industry practice, the well is now shut-in to allow for the reservoir to imbibe load fluids and to gather further pressure data. Further testing is planned following spring break-up to help evaluate the well's potential. The 05-26 well, which targeted the Upper Montney interval, was drilled to a total measured depth of 4,621 meters including a horizontal lateral of 1,951 meters. The well was stimulated with a 13 stage slick-water plug-and-perf completion, which included three to five perforations per stage, for a total of 49 intervals, and approximately 55 tonnes of proppant per interval. A total of 13,800m3 (approximately 86,800 barrels) of slick-water was pumped down-hole. The 05- 26 well flowed on cleanup, recovering approximately 32.3% of its load fluid. The 05-26 well was tested for 64 hours. Over the final 48 hours of the test period, the well was flowing up tubing with a flowing tubing pressure of 2,100 kPa (305 psi) at a rate of approximately 466 boe/d (67% liquids), including 0.9 mmcf/d of natural gas, 281 bbls/d of 46 degree API condensate and an estimated 32 bbls/d of plant recoverable natural gas liquids (total liquids to gas ratio of 341 bbls/mmcf). During the test, the well returned approximately 1,077 bbls/d of load fluid, as the well is still cleaning up. As is industry practice, the well is now shut- in to allow for the reservoir to imbibe load fluids and to gather further pressure data. Further testing is planned following spring break-up to help evaluate the well's potential.

Blackbird Energy Inc. Acquires 100% Working Interest in 19 Additional Sections of Elmworth Montney Rights; William C. Macdonald Resigns as Director

Blackbird Energy Inc. announced that it has acquired a 100% working interest in 19 additional sections (12,160 net acres) of Elmworth Montney rights. The acquisition represents a 41% increase in the company’s Elmworth Montney land position. With the completion of the Acquisition, Blackbird now holds a 100% working interest in 65 sections (41,600 net acres) at the Company’s core Elmworth Montney project. Including the Company’s four northern Grande Prairie sections, Blackbird now holds a total of 69 sections (44,160 net acres) of Montney rights in the greater Grande Prairie area. At the Annual and Special Meeting of Shareholders of the corporation on February 26, 2015, Mr. William C. Macdonald did not stand for re-election.

Blackbird Energy Inc. - Shareholder/Analyst Call

Annual and Special Meeting of shareholders

 

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Price/Sales 41.2x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 33.9x
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