Blackbird at a Glance Corporate Snapshot Common Share Trading Symbol TSX-V: BBI Warrant Trading Symbol TSX-V: BBI.WT Share Price (11/18/2016) 0.60 Shares Basic 580 mm Fully Diluted 790 mm Insider Holdings (1) 22% Positive Working…
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…
Seven Generations Momentum in the Montney acquisition of Paramount Kakwa assets (1.9 Billion) Birchcliff Gordondale transaction (625 Million) NuVista begins to focus on Pipestone land and raises 90 million Apache / Keyera…
Montney Disconnect Up to Six Stacked Intervals Up to Eight Stacked Intervals Top Tier Montney Top Tier Permian IRR (ATAX) 38% 130% 32% 42% Payout (Months) 8 23 20 36 EUR 1,100 mboe 2,000 mboe 760 mboe 1,052 mboe Liquids % 32% 50%…
Elmworth / Pipestone Montney 87.25 sections (55,840 acres) of 100% working interest Montney rights 36 mm working capital, no debt (1) Four intervals, 200 meters of pay (656 feet) Entire land position (in first term) assembled for…
The Right Neighborhood CNOR 4-8 Licence CNRL, 9-35, Upper Montney Encana 2-15, Upper, Drilled and completed CNRL Cum. TD: 258 M Bbls 50 API, CNRL 12-10 Licence 1.3 Bcf, 20 mths Prod.* CNRL 12-2, RR July 26 Encana 14-1 Pad Upper…
Super Condensate Corridor Encana Super Condensate corridor of Elmworth / Pipestone maps approximately 40 sections of Blackbird land Latest Encana wells showcasing robust economics and EURs Type Well Metrics Encana Net Btax IRR…
Focused on the Sweet Spot of The Montney Upper Montney Condensate Corridor Middle Montney Condensate Corridor Legend Blackbird Land Condensate Yield (bbls/mmcf)(1) 11 TSX-V: BBI
Stacked Pay Condensate-Rich 4 distinct intervals 100+ bbls/mmcf 00/10-04-070-08W6/0 00/13-22-070-08W6/0 02/10-08-070-07W6/0 00/08-25-070-07W6/0 00/06-21-070-06W6/0 KB: 694.6 m RR: 1999-05-16 KB: 689.9 m RR: 2015-01-12 KB: 684.6 m RR:…
Stacked Pay Condensate-Rich 4 distinct intervals 100+ bbls/mmcf 00/05-02-072-09W6/0 02/10-08-070-07W6/0 02/06-03-069-06W6/0 KB: 838.4 m RR: 2000-08-16 KB: 684.6 m RR: 2015-10-26 KB: 724.4 m RR: 1995-02-17 TD: 2715.0 m [TVD] FormTD:…
Drilling Optimization BBI 5-26 Drill Time: 49 Days Blackbird has implemented leading edge optimization to achieve reduction in drill times: BBI 6-26 Drill Time: Monobore (first in Elmworth corridor); 39 Days Movement to brine from…
Completion Optimization Designing completions to allow more rock to be contacted closer to the wellbore Completion Completion The Stage Completion Program 1 Program 2 (02/2-20) Stage Sliding Sleeve (5-26 and 6-26) (2-20)…
Cost Reduction Blackbird is not focused on one time cost reductions or IP rates but rather a sustainable, repeatable, cost effective solution to D&C Based upon actual AFEs we see: Completion: 3,757 tonnes Stage System D&C Cost…
Canadian Innovation: Blackbird has entered into an agreement to acquire a 10% indirect interest in Stage Completions Inc. (Stage) Stage Completions Inc. is a downhole technology company focused on providing innovative completion…
Canadian Innovation: Stages Bowhead II Technology Longer Laterals Pinpoint Benefits to BBI Through Investment fracturing and Increased Stages System at cost plus an admin fee Preferential Access Higher Rates and Asset in the…
Production Supports Take-Away Flowing Casing Liquid Liquids/Gas Load Fluid Pressure Raw Gas Hydrocarbons Total Production Ratio Recovered Well (kPa) (mmcf/d) (bbls/d) (boe/d) (bbls/MMcf) to Date 5-26 (Upper 2,100 0.9 313 466 341…
Our Infrastructure Solution Blackbird is currently building its 100% owned and operated facility and gathering system 10 mmcf/d facility (expandable to 20-30 mmcf/d) 10 km of pipeline gathering system Water disposal well System…
Corporate Social Responsibility Corporate Social Responsibility is critical to gain social license to operate in any community Tree Planting Program: focused on reclaiming boreal forest and replacing trees we take down; Planted…
Blackbirds Value Curve Level 3 Level 1 Level 2 (Whats Next) Movement to increased value accelerating with Infrastructure construction, well development and focused capital allocation Resource Capture Resource Delineation Resource…
Graduation to the Next Level Two additional wells to be drilled by Q1 2017 Add additional acreage in the Elmworth Super Condensate corridor Develop Infrastructure: facility and gathering system Utilize Stage completions to…
Appendix: Blackbirds Management 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.…
Appendix: Infrastructure 100% owned and operated BBI 12-14 100% owned and Facility operated BBI pipeline (Q4 2016 Commissioning) gathering system (Q4 2016 Commissioning) Blackbird indicative south Wapiti Third-party gas line to…
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