One-Page Deal Sheet
Blackbird Sells Off Non-Op Interest in Bigstone
Not Disclosed Blackbird Energy Inc.
Announced Date
August 15,2014
Close Date
September 16,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
9
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - September 16, 2014
Blackbird Energy Inc. has announced that it has successfully closed the previously announced disposition of 8.0 gross (3.5 net) sections of Montney rights, known as Blackbird's Bigstone project, for net proceeds of $8.89 million after closing adjustments.
Garth Braun, Chief Executive Officer of Blackbird said: "Blackbird is pleased to continue to add further focus to its Elmworth project through the disposition of non-core assets. With the above noted disposition, Blackbird has significantly strengthened its balance sheet as it begins to de-risk and…
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