INSTITUTIONAL PRESENTATION Q4 2014 TSX-V: BBI Blackbird Energy Inc.
Blackbirds Corporate Strategy In early 2013, BBI set out to create the next junior Montney producer. Our initial focus was to build a sizeable Montney position in a high prospective area by being ahead of the curve. BBI has…
Corporate Profile Ticker BBI (TSXV) Shares Basic (Post filing of prospectus and conversion of special warrants) 331 mm Fully Diluted (Post filing of prospectus and conversion of special warrants) 369 mm Insider Holdings (Board and…
Blackbirds Current Assets Core Focus Blackbird owns 117.0 net sections of Montney / Deep Basin land prospective for condensate and liquids rich gas Elmworth / East Lands are prospective for both Upper and Middle Montney with Lower…
Stacked Resource Play 17 Charged Zones 8 Horizontal resource potential in all zones CARDIUM DOE CREEK The 14 Zones DUNVEGAN in BOLD produce CADOTTE within 6 miles NOTIKEWIN of our land FALHER WILRICH BLUESKY Upper GETHING…
Elmworth, AB (BBI Mapping) Resource Cake loses layers Eastwards 9 Edge Upper Montney Edge Middle Montney Edge Lower Montney Resource Play Encana Land Field Condensate Blue & Light Oil in all East Wapiti 3 layers Lower Montney…
Elmworth, AB Condensate/Light Oil Trend (BBI Mapping) CGR: Condensate Gas Ratio This map: Encana 02/12-22-71-9W6 385 Montney Hz licences Encana Hz Licence 276 spudded Montney Hz Production Avg 1310 13-22-70-8W6 157 Montney Hz on…
Elmworth and East Wapiti Targeting Middle and Upper Montney 100 % Working Interest in 117 sections with geological control (all below based on existing public well logs and offsetting public production information) indicates the…
Elmworth, AB Key wells: Cross section CGR: Condensate Gas Ratio Montney Hz Licences Encana Hz Licence 13-22-70-8W6 Montney Hz Spuds Encana 02/12-22-71-9W6 Production Avg 1310 Montney Hz Producers boe/d (54.6 days) Montney Vertical…
Key wells Cross section Relative horizontal position corresponds to arrow: Well Name = , public data* Encana Encana NuVista Blackbird Birchcliff Offset to Private Shell Celtic Blackbird land 12-27-71-9W6 10-4-70-8W6 7-35-68-7W6…
Elmworth, AB Multi-zone Montney in area more detail 14 Encana 10-4-70-8W6 Blackbird 8-25-70-7W6 10-27-69-5W6 A 4-9 Hz B 2 C 1 DOIG Upper CIOC 4-23-65-3W6 Montney Encana NuVista Encana 12-22 & 13-22= NuVista 13-25 Middle 47…
Elmworth, AB Shell, NuVista, CNRL & Encana Moving Toward BBI Encana Hz Licence 13-22- 70-8W6 B Montney Hz Licences Blackbirds Land Montney Hz Spuds Montney Hz Producers Encana 4-9 Hz; Montney Vertical logs Upr Montney A C…
Elmworth, AB Encana Montney Development moving towards BBI CGR: Condensate Gas Ratio ECA 3-18; max CGR 92.8* Encana 02/12-22-71-9W6 ; Max 97.1 CGR, ECA 13-7; max CGR 92.6* ECA 9-12; max CGR 97.4* ECA 3-14-71-9W6 ECA…
Elmworth, AB NuVista Montney Development Moving Towards BBI CGR: Condensate Gas Ratios in Bbls per mmcf Encana 4-9 Hz; Upr Montney South edge of BBI land Private Company NuVista 2-9; Upr Montney 2 Hz wells, Mid NuVista 13-3; Mid…
Elmworth, AB H2S Mapping .98% H2S in 0% H2S in Decreasing Upper Upper H2S Montney Montney 0% H2S in 4% H2S in Middle Upper Montney Montney 1.25% H2S in Upper Montney 0.05% H2S 0% H2S in in Middle Upper and Montney…
Elmworth, AB Infrastructure Blackbird Land EOG sour Proposed pipeline gathering system Proposed Proposed Mistral 8 inch SemCam Sour Pipeline Plant Proposed Mistral Sweet Alliance and Sour Pipeline Facility SemCam…
Elmworth, AB Access Year round access, close to services and major highways 4 well pads already identified from which 16 upper and 16 middle Montney wells can be drilled Additional access will be addressed as development…
Engineering and Development Area Summary Elmworth the hot play Wells with Public Completion and Production Data Well Count First 3 Months % % Oil With Public Data Daily Prod. Average Liquids Boe/d Sinopec Daylight 12 868 10.8%…
Elmworth, AB Back to Back Drilling = Savings 22 Well Drilling Cost Completion Cost Total Cost Projected Savings 6-26-70-7W6 4,646,689 5,048,035 9,694,724 337,467 5-26-70-7W6 4,331,805 5,254,281 9,586,086 446,105 Total 19,280,810…
Elmworth Development Large Project Scale and Running Room Blackbird intends on delineating and de- 36 net sections imply greater than 430 wells risking both the Upper and Middle Montney (1 mile Hz) in full development scenario (Upper…
Where We Are Going Creating the next junior Montney producer with the goal of delineating and de-risking both the Upper and Middle Montney Focusing on being ahead of the curve with land acquisitions of repeatable and scalable plays…
Contact Information Head Office: Suite 2200, 635 8th Avenue SW Calgary, Alberta, Canada T2R 3M3 Reserves: GLJ Petroleum Consultants IHS Inc. Legal: Macdonald Tuskey Auditors: Davidson & Company Stock Exchange: TSX Venture Exchange…
Appendix 27
Elmworth, AB Key well data Well Montney Days on Boepd Condensate Gas Zone Production (6:1 ratio) Ratio (Max CGR) ECA12-22-71-09W6 Upper 55.6 1310 97.1 ECA 04-09-70-08W6 Upper 45.2 1100 204.0 ECA 01-03-71-10W6 Upper 38.2 1110 42.8…
Birchcliff 16-29-69-6W6 Test Middle & Upper Montney Appears Sweet Montney Timeline Birchcliff 16-29-69-6W6; 10.5 sections of Montney continued for 5 years Zone to Oct 2017 by this Middle & Upper Montney perf & frac test in a vertical…
Elmworth Upper Montney Water Cut Data Blackbird in the right zone Note: All Data From Public Sources 30
Elmworth, AB Leveraging pressure data with Log Data Over pressured Resource zones resist compaction detectable on porosity logs (sonic logs preferred). Combine with water saturation data from previous slide * Indicates…
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