Corporate
Corporate Overview
About Blackbird Energy
Blackbird Energy Inc. (TSX.V: BBI) is a Canadian exploration and production company, currently focused on Oil in West Central Saskatchewan (Alsask/Flaxcombe Projects) and the Liquid Rich Montney Natural Gas Resource in the Deep Basin of West Central Alberta (Bigstone Project). Blackbird has a balanced asset base with producing oil and gas production and exploration & development projects.
The Montney is a NW-SE trending, football shaped formation that straddles the border between British Columbia and Alberta west of Edmonton. It is a liquids-rich natural gas play, economically competitive and one of the few plays that works in low gas price environment. The Montney formation gas play consists of four distinct intervals of pay: Upper, Middle, Middle Lower and Lower. It is recognized as a thick, highly pressurized formation with a lot of recoverable reserves.
Blackbird's Bigstone Montney Project
Alsask Oil area is located on the Alberta/Saskatchewan border. The property has 3 producing Mannville oil wells and 1 Glauconite water disposal well.
A new producing property acquisition at 28 boepd is located near the Company's current oil-production and water-disposal facilities in the Alsask area and will allow for optimization and operating cost savings.
http://www.blackbirdenergyinc.com/s/Presentations.asp
Blackbird Energy Inc. (TSX.V: BBI) is a Canadian exploration and production company, currently focused on Oil in West Central Saskatchewan (Alsask/Flaxcombe Projects) and the Liquid Rich Montney Natural Gas Resource in the Deep Basin of West Central Alberta (Bigstone Project). Blackbird has a balanced asset base with producing oil and gas production and exploration & development projects.
- High quality proven & producing reserves.
- Significant Montney oil and gas pool development.
- Blackbird is Fully Funded to drill future wells.
- Highly Regarded Industry Participants in the Montney Project:
Trilogy Energy Corp, Donnybrook Energy Inc, TAQA North Ltd. - Experienced Management with proven track records.
- High insider ownership.
The Montney is a NW-SE trending, football shaped formation that straddles the border between British Columbia and Alberta west of Edmonton. It is a liquids-rich natural gas play, economically competitive and one of the few plays that works in low gas price environment. The Montney formation gas play consists of four distinct intervals of pay: Upper, Middle, Middle Lower and Lower. It is recognized as a thick, highly pressurized formation with a lot of recoverable reserves.
Blackbird's Bigstone Montney Project
- Geographically concentrated assets.
- NGL-rich, high heat content natural gas.
- Substantial drilling inventory (27 total wells).
- 8 sections totalling 5,120 gross acres/1,120 net acres.
- Bigstone Wells have demonstrated strong economics (70 -- 80 bbls/mmcf).
- Very high Estimated Ultimate Recoveries (EUR).
- Pipelines and surface facilities constructed and operational.
Alsask Oil area is located on the Alberta/Saskatchewan border. The property has 3 producing Mannville oil wells and 1 Glauconite water disposal well.
- 1,080 acres of land 100% W.I.
- Oil treating capacity.
- 2 drilling locations, one of which is a dual zone new pool prospect.
- Unlimited water disposal capacity (disposal well takes water on vacuum).
- 3D seismic over all land.
- Year around access and low operating costs.
- Full 3D seismic coverage over oil pool.
A new producing property acquisition at 28 boepd is located near the Company's current oil-production and water-disposal facilities in the Alsask area and will allow for optimization and operating cost savings.
- Deal metrics $19,286/pdb and $4.29/bbl proved + probable.
- Gross 5041 acres, Net 2393 acres.
- 100% WI in producing oil property with 3 producing oil wells.
- Upside for workovers, optimization and recompletions.
- Upside for operating cost improvements.
- Full 3D seismic coverage over oil pool.
http://www.blackbirdenergyinc.com/s/Presentations.asp
