Thursday, November 28, 2024

Blackbird Energy Accelerates Business Plan with $13 Million Private Placement

Blackbird to continue delineating its liquids-rich Montney assets Calgary-based Blackbird Energy (ticker: BBI) announced two non-brokered private placements of common shares Tuesday. 27,150,000 shares will be issued in total for proceeds of approximately $13 million. 16,500,000 of those shares were issued on a “flow-through” basis pursuant to the Income Tax Act (ITA) in respect of Canadian Exploration Expenses (CEE) at

Carrizo Oil & Gas Ups Eagle Ford Position 15%

$181 million acquisition funded through public offering Carrizo Oil & Gas (ticker: CRZO) announced that it will purchase 15,000 acres of Eagle Ford Shale properties in LaSalle, Frio, and McMullen counties, Texas, from an affiliate of Sanchez Energy (ticker: SN) for $181 million. The bolt-on acquisition includes an estimated net production during September of approximately 3.1 MBOEPD (61% oil) from