Pure-Play Pipestone Condensate, Growth, Achievement Aug 2017 TSX-V:BBI
A Confluence of Positive Factors BLACKBIRD MARKET CONDITIONS BLACKBIRD VALUE LIFE CYCLE PROPOSITION Social LARGE, Alberta License CONTIGUOUS Jurisdiction LAND BLOCK 125 GROSS SECTIONS DELINEATED CASH ON HAND DRILLING…
Blackbird Mitigates the Macro Issues Industry continues to face increasing challenges making it more difficult for domestic companies to attract capital and sustain material capital appreciation Cons Pros Oil prices lack visibility…
Montney Land is Scarce; Activity is Rich PETRONAS Progess CNRL Barrick 5,500 MM 173 MM INDOIL Petronas Birchcliff Encana 1,000 MM 625 MM Black Swan Carmel Bay 200 MM BC Sanling Paramount 150 MM Painted Pony UGR Kelt Capio 277…
All Eyes on the Pipestone Corridor The Highest Value Montney A&D Directly Offsets Blackbird Industry Activity is Exploding in the Pipestone Corridor Seven Generations acquisition of Paramount Kakwa Industry plans a major infrastructure…
No Quality Montney Assets For Sale Sydco 1,223 boe/d Corporate BIR Worsley Assets 3,600 boe/day Charlie Lake CVE Pelican Lake Assets 20,100boe/d Heavy Oil Insignia CPG Sounding Lake Assets 2,403 boe/d 1,500 boe/d Canadian…
The Pipestone Liquids-Rich Corridor BBI Mapping of Upper Montney Condensate Corridor (2) Encanas Mapping of Liquids-Rich Corridor (1) 63 Gross (57.8 net) sections in Encanas Super Condensate Corridor (2) BBI Mapping of Middle…
The Pipestone Liquids-Rich Corridor Four distinct intervals A A A 10-4-7-8W6 13-22-70-8W6 02/10-8-70-7W6 8-25-70-7W6 6-21-70-6W6 A BBI 2-20 BBI 6-26 ECA 4-9 CNOR 13-22 BBI 02/2-20 BBI 2-20 East BBI 5-26 Doig/Upper 2 Montney 0…
Blackbirds Pipestone Resource Blackbirds Lands with Proved Blackbirds Lands with Proved + Blackbirds Lands with Reserves Booked Probable Reserves Booked Contingent Resources 8 sections booked 12 sections booked 21.5 sections…
RENAV Comparables Blackbird is valued at one of the greatest discounts to its RENAV within the Montney peer group RENAV Comparables Company RMP BBI PONY DEE BIR CKE LXE CR SRX VII AAV TOU NVA POU KEL ARX Price (/sh.) 0.58 0.33 3.88…
Blackbird Expected Type Curves (1) RawRaw GasGas Type TypeCurve Curve Wellhead Condensate Wellhead Type Condensate Curve Curve 3,000 300 Condensate Rate (Bbls/d) 2,500 250 Gas Rate (Mcf/d) 2,000 200 1,500 150…
IP 30, IP60, IP90 IP30 RESULTS (1) Montney Raw Sales Total Total CGR Well Interval Gas(2) Gas(3) Condensate(3) NGLs(3) Liquids(3) Sales(3) C5+/Raw (mmcf/d) (mmcf/d) (bbls/d) (bbls/d) (bbls/d) (boe/d) (bbls/mmcf) 5-26-70-7W6 Upper…
2-20 (Surface 11-9) Eastern Step-Out Test Contingent Reserves (1) Resources (1) Average Flowing Montney Casing Total Combined Well Interval Pressure Raw Gas Oil Production (kPa)(2) (mmcf/d)(3) (bbls/d)(3) (boe/d)(3)…
Development and Delineation Program Northern Multi- Interval Delineation Block (Tie-In 2019) Drilled/Awaiting Completion 2-28-70-7W6 (100% WI) Spudded Aug 6, 1-20 (100% WI) Eastern Multi- Drilled/Awaiting Completion 102/6-26…
Current Well Summary Working Operated or Non- Interest Montney Measured Depth Lateral Length Well Operated (%) Interval (meters) (meters) Status 6-26-70-7W6 Operated 100 Middle 4,734 2,052 Producing 5-26-70-7W6 Operated 100 Upper…
Moving Forward with a Clear Path Continued roll-out of Stage to garner international attention Development Reinforces the team as value creators New/enhanced GHA(s) Bridge gap until Keyera online in Q1 2019 Blackbird positioned to…
Consistent Decrease in Drill times BlackBird Days vs. Depth 0 BlackBird HZ Elm 5-26-70-7W6 BlackBird HZ Elm 6-26-70-7W6 Blackbird HZ Elm 2-20-70-07W6 1000 46.3 to 21.4 days Blackbird 102 HZ Elm 2-20-70-07W6 Blackbird HZ Elm…
Driving Innovation with Stage Completions Stages Bowhead II Technology is designed to achieve the following benefits: Blackbird owns a 10% indirect interest in Stage Longer Laterals Completions Inc. (Stage) Longer Laterals Pinpoint…
Completion Optimization Stage Completions Sliding Sleeve 20 Days 20 Days Sub 5 Day Programs Completion Completion Program 1 Program 2 BBI 2017 Version 4.0 (5-26 and 6-26) (2-20) Plug & perf cluster Sliding Sleeve 53 Stage…
Value Delineation Curve / Acceleration Value Initial The Next Steps Production High Impact D&C Ramp Up Development and 10mm 5.5mm Delineation Innovation: Stage Program BBI Increased 260 mm NPV Processing / Take- BBI: 0 108.9 net…
Transformation 2016 to Aug 2017 What are we going to accomplish What did we accomplish D&C an Upper Montney well in Q3 2016 (sub 24 Drilled Upper Montney BBI 102/2-20-70-7W6 day drill) + further delineation by Blackbird and in 21.4…
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…
Corporate Snapshot Common Share Trading Symbol TSX-V: BBI Warrant Trading Symbol TSX-V: BBI.WT Share Price (06/30/2017) 0.36 Shares Basic 745 mm Fully Diluted 963 mm Insider Holdings (1) 18% Market Capitalization 268 mm Cash (2)…
Appendix: The Team Leadership Garth Braun Chairman, CEO & President Finance Operations Geology Ron Schmitz Don Noakes, P.Eng Craig Wiebe, P.Geo Interim CFO and Director VP Operations VP Exploration Travis Belak, CA Paul Goodman…
Appendix: Management Name & Title Experience Garth Braun is a seasoned oil and gas executive with over 13 years of oil and gas experience combined with 30 years of diversified business experience in finance and real estate. Over the…
Appendix: Reserves Natural Natural Gas Total Oil Gas Liquids (1) Equivalent NPV 10% NPV 10% Reserves Category Mmcf Mbbls MBOE 000s /BOE Proved Developed Producing 5,215 848 1,717 33,002 19.22 Proved Non Producing 2,012 278 613…
Advisories Independent Reserves Evaluation Estimates of the Company's reserves and contingent resources and the net present value of future net revenue attributable to the Company's reserves and contingent resources as at March 1,…
Advisories Developed reserves are those gross reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (for example, when…
Blackbird Energy Inc. Blackbird Energy Inc. 400, 444 5th Avenue SW Calgary, Alberta T2P 2T8 Garth Braun Chairman, CEO & President Tel: 403.699.9929 ext. 101 Cell: 403.500.5550 Email: gbraunblackbirdenergyinc.com 31 TSX-V:…
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