Corporate
Corporate Overview
Blackbird Energy's experienced and driven operating and management team intends to identify, acquire, explore and develop oil and gas properties in North America.
Blackbird's Bigstone Project is comprised of lands and licences covering a total of 4,480 acres, in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By completing the terms of the farm in agreement, Blackbird has earned 25% of Donnybrook Energy Inc.'s interest in the Bigstone lands and in any future operations within an area of mutual interest.
Blackbird's discovery well, Bigstone Hz 14-29 discovery well (37.5% BPO/25% APO working interest), tested in the last 24 hours of a 4 day production test at a rate of approximately 4.3 million cubic feet per day (mmcf/day) of natural gas and 295 barrels per day (bbls/day) of condensate from a 1,254 metre horizontal section; 1,011 barrels of oil equivalent per day (boe/day).
The second well planned to be drilled, DEI Bigstone Hz 15-32-60-22 W5M (25% working interest to Blackbird), is planned to be drilled prior to year end. The drilling prognosis calls for the well to be drilled to a total measured depth of approximately 5,150 meters from surface location 3-29-60-22W5, cased and prepared for completion and fracing operations within a 35 day time frame. The DEI Bigstone Hz 15-32 well has a planned 2,500 metre +/- horizontal section.
Currently Blackbird's wholly-owned subsidiary Blackbird Energy LLC ("Blackbird Energy") has a 75% right, title, estate and interest in 3,857 acres of leasehold located in Gray County, Texas known locally as the "Mathers-Gordon Prospect". Blackbird's 3P reserves in the prospect are estimated as set forth in the 51 101 report of 98 MBBL of Oil and 7,081 MMCF of Gas.
The Mathers-Gordon Prospect is a multi pay oil and gas prospect. Blackbird Energy is the operator of the prospect and the company has designated Maxwell as sub-operator.
Blackbird plans to actively look for further oil and gas properties for acquisition or potential joint ventures as the company has the capacity to source assets and financing through it's management network.
Pursue High Potential Projects: Management is focused on acquiring further projects that will provide future long-term drilling inventories.
Reduce Costs and Maximize Operational Control: Our objective is to generate profitable growth and high returns for our stockholders. We expect that our unit cost structure will benefit from economies of scale as we grow, maintaining high percentage operatorship of our reserves and production, and our continuing cost management initiatives.
Pursue Reserve and Leasehold Acquisitions: The current acquisition will play an important role in establishing our asset base. We intend to use our experience and regional expertise to supplement our drill-bit growth strategy with complementary acquisitions. We actively review acquisition opportunities on an ongoing basis.
Blackbird's Bigstone Project is comprised of lands and licences covering a total of 4,480 acres, in Township 60, ranges 22 and 23W5 at Bigstone, Alberta. By completing the terms of the farm in agreement, Blackbird has earned 25% of Donnybrook Energy Inc.'s interest in the Bigstone lands and in any future operations within an area of mutual interest.
Blackbird's discovery well, Bigstone Hz 14-29 discovery well (37.5% BPO/25% APO working interest), tested in the last 24 hours of a 4 day production test at a rate of approximately 4.3 million cubic feet per day (mmcf/day) of natural gas and 295 barrels per day (bbls/day) of condensate from a 1,254 metre horizontal section; 1,011 barrels of oil equivalent per day (boe/day).
The second well planned to be drilled, DEI Bigstone Hz 15-32-60-22 W5M (25% working interest to Blackbird), is planned to be drilled prior to year end. The drilling prognosis calls for the well to be drilled to a total measured depth of approximately 5,150 meters from surface location 3-29-60-22W5, cased and prepared for completion and fracing operations within a 35 day time frame. The DEI Bigstone Hz 15-32 well has a planned 2,500 metre +/- horizontal section.
Currently Blackbird's wholly-owned subsidiary Blackbird Energy LLC ("Blackbird Energy") has a 75% right, title, estate and interest in 3,857 acres of leasehold located in Gray County, Texas known locally as the "Mathers-Gordon Prospect". Blackbird's 3P reserves in the prospect are estimated as set forth in the 51 101 report of 98 MBBL of Oil and 7,081 MMCF of Gas.
The Mathers-Gordon Prospect is a multi pay oil and gas prospect. Blackbird Energy is the operator of the prospect and the company has designated Maxwell as sub-operator.
Blackbird plans to actively look for further oil and gas properties for acquisition or potential joint ventures as the company has the capacity to source assets and financing through it's management network.
The principal elements of Blackbird's strategy to maximize stockholder value are as follows:
Drive Growth Through Internally Generated Projects: We expect to generate long-term reserve and production growth predominantly through our drilling activities. We believe our management team's experience and expertise enable us to identify, evaluate and develop new natural gas and oil reservoirs.Pursue High Potential Projects: Management is focused on acquiring further projects that will provide future long-term drilling inventories.
Reduce Costs and Maximize Operational Control: Our objective is to generate profitable growth and high returns for our stockholders. We expect that our unit cost structure will benefit from economies of scale as we grow, maintaining high percentage operatorship of our reserves and production, and our continuing cost management initiatives.
Pursue Reserve and Leasehold Acquisitions: The current acquisition will play an important role in establishing our asset base. We intend to use our experience and regional expertise to supplement our drill-bit growth strategy with complementary acquisitions. We actively review acquisition opportunities on an ongoing basis.