Last C$0.18 CAD
Change Today +0.04 / 29.63%
Volume 3.2M
BBI On Other Exchanges
Symbol
Exchange
Venture
Frankfurt
As of 4:52 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

blackbird energy inc (BBI) Snapshot

Open
C$0.14
Previous Close
C$0.14
Day High
C$0.18
Day Low
C$0.14
52 Week High
04/24/14 - C$0.18
52 Week Low
07/4/13 - C$0.05
Market Cap
27.6M
Average Volume 10 Days
503.4K
EPS TTM
C$-0.06
Shares Outstanding
157.6M
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. is engaged in the acquisition, exploration, development, and production of petroleum and gas interests in western Canada. It focuses on the Alsask and Flaxcombe oil projects in west central Saskatchewan; and the Liquid Rich Montney Natural Gas Resource in the Deep Basin of west central Alberta. The company was formerly known as Blackbird Investments Inc. and changed its name to Blackbird Energy Inc. in March 2010. Blackbird Energy Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

blackbird energy inc (BBI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$56.0K
Chief Financial Officer, Director and Chairma...
Total Annual Compensation: --
Chief Operating Officer and Director
Total Annual Compensation: C$70.0K
Compensation as of Fiscal Year 2013.

blackbird energy inc (BBI) Key Developments

Blackbird Energy Inc. Announces Earnings Results for the Second Quarter and Six Months Ended January 31, 2014

Blackbird Energy Inc. announced earnings results for the second quarter and six months ended January 31, 2014. For the quarter, the company reported loss and comprehensive loss of CAD 1.12 million, or CAD 0.01 loss per common share, compared to a loss and comprehensive loss of CAD 402,661, or CAD 0.01 loss per common share, for the same quarter ended January 31, 2013. Revenues were CAD 210,535, compared to CAD 161,503 for the same quarter ended January 31, 2013. For the six months, the company reported loss and comprehensive loss of CAD 1.51 million, or CAD 0.01 loss per common share, compared to a loss and comprehensive loss of CAD 569,222, or CAD 0.01 loss per common share, for the same period ended January 31, 2013. Revenues were CAD 557,270, compared to CAD 289,333 for the same period ended January 31, 2013.

Blackbird Energy Increases Montney Land Position in the Greater Karr Area of Alberta

Blackbird Energy Inc. announced that it has increased its Elmworth (Greater Karr) Montney acreage to 31 sections of land (19,840 acres) including 27 sections of land (17,280 acres) that are contiguous (100% WI). The 31 sections of land at Elmworth acquired to date followed a detailed technical assessment of the region that included a petrophysical evaluation of pre-existing wells and the mapping of oil and gas in place across what Blackbird believes to be an area characterized by superior liquids-rich gas potential. The Elmworth property is accessible for field operations year-round and is located within 1 mile of a major, midstream operated natural gas pipeline with capacity for new hydrocarbons.

Blackbird Energy Inc. Announces Plans to Spud First Horizontal Well at its Mantario Oil Project

Blackbird Energy Inc. announced that it plans to spud its first horizontal well at its Mantario Oil Project in the second quarter of 2014, subject to weather and rig availability. The well will be spudded from a surface location at 16-1-26-25W3 with a horizontal lateral length of 800 meters. The trajectory of the horizontal well has been established using Blackbird's proprietary high resolution 3D seismic and the Company's existing well control. Blackbird holds a 70% operated working interest in the project. This planned horizontal well is the follow-up to the successful A15-6-26-24W3 ("A15-6") discovery well that encountered a 20 meter pay section and is still producing in excess of 20 bbls/d with minimal water. Blackbird is close to completing a detailed exploitation study of the Mantario Oil Project which would encompass approximately 15 Hz locations with 80 acre spacing. Downspacing to 40 acres would allow for an additional 15 Hz locations. In addition to downspacing, the Company is evaluating secondary recovery methods to improve the overall recovery factors for the pool. The cost of the horizontal well at the Mantario Oil Project is expected to be less than $1,000,000 including drilling, completion, equipping and installing surface facilities, and would qualify for the exceptional 2.5% royalty incentive currently received in Saskatchewan for drilling a horizontal well.

 

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