Blackbird Energy Inc.

Blackbird Energy Inc. 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 where it has 100% working interest in 81 sections of highly prospective Montney resource.

Expert Comments:

Technical analyst Clive Maund discusses a company that he believes will break higher regardless of what oil does.
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Garett Ursu, an analyst with Cormark Securities, highlighted this energy firm's upcoming well test results and upside potential.
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Garett Ursu, Cormark Securities (2/28/18)
"With Blackbird Energy Inc.'s eastern 2-20-70-6W6 Pipestone well testing at 1,163 boepd (including a record 824 bpd condensate), results from the currently testing northern 3-27-71-7W6 well represent the final derisking event for the company and the start of a transition to a high-growth junior. We anticipate strong results from the 3-27 well to confirm a majority (>75%) of the company's Pipestone acreage to be within the volatile oil window."

Cormark Securities analyst Garret Ursu discussed this oil and gas E&P's recently released and upcoming well test results.
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Garett Ursu, Cormark Securities (1/10/18)
"Initial production results from Blackbird Energy Inc.'s western development block at Pipestone were released yesterday, including two new wells and one recompletion. . .the 02/6-26 well tested at 701 bpd condensate (574 bbl/MMcf) with an IP-30 rate of 475 bpd condensate (441 bbl/MMcf)."

Tom Erik Kristiansen, Pareto Securities (1/9/18)
"Blackbird Energy Inc. announced better than expected results from the latest three wells in the development area; production in the first 30 days averaged 618 boe/day with a very strong average liquids ratio of 282 bbls/mmcf, which is well above our assumption of 175 bbls/mmcf. . .We will for now keep our estimates unchanged but nonetheless view this as a further confirmation of the high quality of the proven acreage (~25% of land base, valued at CAD 0.60/shares vs current share price CAD 0.34)."

Pareto Securities (10/10/17)
"With nine additional wells potentially proving up the majority of its remaining acreage by early 2018 (first update likely later this month), we believe Blackbird Energy Inc. offers a particularly attractive risk/reward. . .we highlight the company as one of our Top Picks and initiate coverage with a Buy and target price of CA$1.10."

Christopher Jones, Haywood Securities (8/28/17)
"Blackbird Energy Inc. hosted a two-day field tour with analysts and officials from the city of Grand Prairie. . .we left enthused about what the future holds for the company as it advances its Montney asset at Pipestone. . .we maintain our Buy rating and target of $0.60."

Experts Following This Company

Clive Maund – gold, silver & oil shares
Garett Ursu, Analyst – Cormark Securities

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Investing Highlights
Asset & Size of Prize: 100% working interest in 128 sections in the Montney
Strategy: Maximize shareholder value through drill bit delineation and land acquisitions
Torc: High impact well results in near term
Financial Strength: Approximately $28M cash
Team: Highly experienced team with over 150 years of experience