Ticker: BBI – Page 2 – Oil & Gas 360

Blackbird Energy Accelerates Business Plan with $13 Million Private Placement

October 25, 2016

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

Blackbird Executes on Midstream Development, Sets Up Clear Line of Sight on Cash Flow

September 29, 2016

Blackbird Energy receives approval for pipeline gathering system Calgary-based Blackbird Energy (ticker: BBI) announced today that the company received approval for its infrastructure development, giving it a clear line of sight on future cash flow. The company immediately commenced construction on its 100% owned and operated Elmworth facility and pipeline gathering system, which is expected to be completed in December

Blackbird Energy Receives Final Approval for Acquisition

September 22, 2016

Approved: Blackbird Energy will be 10% minority interest owner in completions technology and services company Blackbird Energy (ticker: BBI) announced Thursday that the company received final approval from the TSX Venture Exchange for its proposed acquisition of an indirect 10% minority interest in Stage Completions Inc. for C$3 million in cash. The technology and services company specializes in pin-point multistage

Canada Looks to Attract More Chinese Investment by Relaxing Rules

August 22, 2016

Canada hopes to attract greater foreign investment with lower political risk and a skilled workforce Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. Morneau indicated that these loosened policies may even include restrictions on the ability of state-owned enterprises to invest in Canada,

Blackbird Energy Makes $3 Million Technology Investment to Secure Reduced Montney Completion Costs

July 28, 2016

New Completion Technology Can Cut Downtime to 20 Minutes Between Frac Stages On July 28, Blackbird Energy (ticker: BBI) announced that it has entered into an agreement to acquire an indirect 10% minority interest in Stage Completions Inc. for C$3 million. Stage Completions is a privately held Canadian well technology and services company that has developed a patented sliding sleeve

Blackbird Energy Announces Firm Processing Capacity into Premier Market

April 6, 2016

Blackbird Energy announces 6 MMcf/d of firm sour gas processing – looking at long term capacity, growth Alberta-based Blackbird Energy (ticker: BBI) announced today that it has signed a deal with a third-party company to process up to 6 MMcf/d of the company’s liquids-rich Montney gas. The company recently acquired 5 MMcf/d of firm full path service to the Gold

Blackbird Energy Transition from Delineation to Cash Flow

March 10, 2016

Blackbird position in the Montney remains economical, even at today’s prices Blackbird Energy (ticker: BBI, BlackBirdEnergyInc.com) presented at EnerCom’s The Oil & Service Conference™ yesterday at 2:30 p.m. PST. Blackbird Energy is an emerging Canadian exploration and production company focused on the highly prospective liquids-rich Montney natural gas resource in Alberta. Blackbird is focused on the development of its Elmworth Montney project

Blackbird Energy Increases Both the Size and Value of its Reserves

March 8, 2016

Blackbird announces a 522% increase in proved plus probable reserves Alberta-based Blackbird Energy (ticker: BBI, BlackbirdEnergy.com) continued to grow both the size and value of its reserves at its Elmworth Montney position over the last six months. The company announced that it increased proved plus probable reserves by 522% as of January 31, 2016, according to a press release. The

Blackbird Energy Acquires Firm Capacity in Alliance Pipeline

February 25, 2016

Blackbird Energy Inc. Acquires Firm Capacity in Alliance Pipeline Blackbird Energy Inc. (TSX VENTURE:BBI) (“Blackbird” or the “Company“) is very pleased to announce that it has acquired 5 mmcf/d of Firm Full Path Service on the Alliance Pipeline system to the Alliance Chicago Exchange Hub. The capacity’s term will begin on October 1, 2016 and run through until October 31, 2020

Blackbird Energy Announces Q1’16 Results

December 23, 2015

Blackbird Energy Inc. Announces Release of First Quarter 2016 Financial and Operating Results CALGARY, ALBERTA–(Marketwired – Dec. 22, 2015) – (TSX VENTURE:BBI)Blackbird Energy Inc. (“Blackbird“) is pleased to announce that it has released its first quarter 2016 financial and operating results. Blackbird’s unaudited condensed consolidated interim financial statements and management discussion and analysis for the quarter ended October 31, 2015

Blackbird Energy Reduces Costs on Third Montney Well by 49%

October 27, 2015

Blackbird Energy (ticker: BBI) announced today that it has successfully drilled, logged and cased its third well at Elmworth, in the Montney, located at 2-20-70-7W6 (the “2-20” well). Blackbird has a 100% working interest in the 2-20 well, as it does in its other two wells, the 6-26 and the 5-26. The 2-20 well drill program included the drilling of a vertical pilot well from

Liberal Party Wins Majority Government in Canada with 184 Seats

October 20, 2015

Justin Trudeau wins surprise majority government The Liberal Party, led by Justin Trudeau, won a majority government in a political upset in the Election for Canadian Prime Minister last night. The Liberals finished with 184 seats in the parliament (39.5%), while the former majority leading Conservative party followed with 99 elected (31.9%). The New Democratic Party (NDP) won 44 seats

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