Garth Braun, Chairman, President and Chief Executive Officer of Blackbird Energy Inc. (CVE: BBI), presented today at EnerCom’s The Oil & Gas Conference 20®.
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.
In its second quarter 2015 results, Blackbird Energy reported a balance sheet with a working capital of $24.0 million and no debt. Blackbird now owns 81 sections (51,840 net acres) of Elmworth Montney land, focusing on economic liquids-rich resources.
During the company’s breakout session, management was asked the following questions:
- You mentioned the downhole system on sliding sleeves. What’s the research you have done on that? What could be the cost?
- How do you know if an oil section has begun its decline?
- Are you concerned about losing land leases?
- What will contribute to your growth plan? Do you see any contributions from places outside of your core area?
- What’s your approach to taking on debt?
