Top-Tier Liquids-Rich Plays in North America Capital is being deployed into leading unconventional resource plays in North America leading to larger rig counts The Montney 52,000 square miles 25% of CAD Rigs The Permian…
The Condensate-Rich Montney The Montney is located in NW Alberta and extends to NE BC (Similar aerial extent to the Marcellus basin) Over 200 meters thick, three intervals Most actively drilled play in Canada Elmworth (25% of…
Montney Transaction Momentum Birchcliff Gordondale transaction (625 Million) Private equity land acquisition Seven Generation acquisition of NuVista sells shallow Paramount Kakwa production to deploy assets additional…
Montney Transaction Momentum Birchcliff Gordondale Blackbird transaction (625 Million) Elmworth Lands Private equity land acquisition Seven Generation acquisition of NuVista sells shallow Paramount Kakwa production to deploy…
Blackbirds Elmworth Montney Project 83.75 sections (53,600 acres) of 100% working interest Montney rights 31 mm working capital, no debt Three intervals, 200 meters of pay Grande Prairie (656 feet) Entire land position…
Extensive Delineation Across Western Acreage 3 clear intervals in Montney delineated Existing well to date Future Well location Liquids-Rich Resource with potential for 100 bbls/ mmcf 00/10-04-070-08W6/0 00/13-22-070-08W6/0…
Extensive Delineation Across Western Acreage Existing well 3 clear intervals in Montney delineated to date Future Well location Liquids-Rich Resource with potential for 100 bbls/ mmcf 00/05-02-072-09W6/0 02/10-08-070-07W6/0…
Blackbirds Elmworth Delineation BBI 2-20 (Middle Montney) 1,768 boe/d 94 bbls/mmcf 43% load fluid recovery Encana Private Future Well Location Equity NuVista Blackbird Future Well Location Future Well Location CNRL…
Elmworth Delineation by Peers Private Encana 2-15 Upper equity land: CGR: 528 Bbls/Mmcf expectation Cum. TD: 234 MBbls, 1.1 Bcf of a minimum of CNRL 8-10 wells over next 12 Encana 14-1 Pad I.P. 2,000 Boe/d (2.5 months Mmcf/d…
The Elmworth Montney s Evolution Encana mapping suggests that Blackbird holds 40 sections in the established ECA Super Rich Condensate corridor of Elmworth (100 bbls/mmcf) Latest ECA wells outperforming original area type curves…
ECA Super-Rich Condensate Economics ECA Pipestone Super Condensate wells appear to show tremendous economics at 50 oil and 3 gas D&C costs of 5.5 million based on 2,750 meter lateral suggest quick payout and strong IRR…
Blackbirds Un-Risked Potential Original spacing and potential: Four wells per section per interval; potential for 900 locations (one mile horizontal) ECA Data shows: 12 wells per section per interval in Super Rich Condensate Zone…
Drilling Optimization Blackbird has implemented leading edge BBI 5-26 Drill Time: optimization to achieve reduction in drill times: 49 Days Monobore (first in Elmworth corridor); BBI 6-26 Drill Time: Movement to brine from invert…
Completion Optimization Blackbird is continually analyzing completion designs, frac parameters, and associated deliverability of horizontal wells with multi-stage completions to optimize completion design Findings from Pipestone 4…
Completion Optimization Designing completions to allow more rock to be contacted closer to the wellbore Completion Completion Completion Program 1 Program 2 Program 3 (5-26 and 6-26) (2-20) (Budgeted) Plug & perf cluster Sliding…
Costs Blackbirds new completion program, though larger, will not cost more. Based upon actual competitor D&C costs and internal BBI estimates there is clear line of sight to: Drilling Cost: Completion Cost: Total D&C: 2.8 -3.0…
Canadian Innovation: Blackbird has entered into an agreement to acquire a 10% indirect interest in Stage Completions Inc. (Stage) Stages fracturing technologies enable increased well productivity and significantly reduced well costs…
Canadian Innovation: Following closing, the Stage investment will yield the following benefits: System cost plus an administration fee - clear competitive advantage; Preferential access; Participant in disruptive, high growth…
Blackbirds Report Card What did we promise at Enercom Last Year What did we do Continue to build land base Increased Elmworth land to 83.75 sections (53,600 acres) low cost approach continued (added 5.75 net sections) Maintain balance…
Transformation 2016 10 mmcf/d Blackbird Facility (ability to expand) 28
Transformation 2016 What are we going to accomplish What did we accomplish D&C an Upper Montney well in Q3 2016 (sub 24 day drill) for 5.5 million + further delineation by Blackbird and peers Add additional acreage in the Elmworth…
Corporate Social Responsibility Blackbird believes that being a good corporate citizen is critical. As a result we have changed how we develop our land: Tree Planting Program: focused on reclaiming boreal forest and replacing trees…
Blackbird at a Glance BBI Corporate Snapshot Common Share Trading Symbol (TSX Venture) BBI Warrant Trading Symbol (TSX Venture) BBI.WT Shares Basic 550 mm Fully Diluted 763 mm Insider Holdings (Board and Management) (Basic)1…
Head Office 400, 444 5th Avenue SW Calgary, Alberta T2P 2T8 Contacts Garth Braun, Chairman, CEO & President Joshua Mann, VP Business Development (403) 500 5550; gbraunblackbirdenergyinc.com (403) 390 2144; joshblackbirdenergyinc.com…
Blackbirds Management Team Name & Title Experience Garth Braun is a seasoned oil and gas executive with over 11 years of oil and gas experience combined with 30 years of diversified business experience in finance and real estate.…
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