Pure-Play Pipestone Condensate, Growth, Achievement Nov 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 132 GROSS SECTIONS DELINEATED CASH ON HAND DRILLING…
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…
The Pipestone Corridor Escalating Activity CNRL 12-2 550 Bbls/MMcf Kelt 04-01(4) Kelt 1,567 boe/d (64% oil, Pipestone 5-26 20% NGLs and 16% gas) 222 Bbls/MMcf (2) over a 5 day test Pipestone BBI 5 drilled POU 02/1-16, Middle BBI…
The Pipestone Liquids-Rich Corridor BBI Mapping of Upper Montney Condensate Corridor (2) Encanas Mapping of Liquids-Rich Corridor (1) 60 sections in Encanas Super Condensate Corridor (2) BBI Mapping of Middle Montney…
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 Pipestone 13-22 BBI 02/2-20 BBI 2-20 East BBI 5-26 Doig/Upper 2…
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…
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…
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 Producing Wells Delineation Block (Tie-In 1 6-26-70-7W6 (Middle) BBI Producing Wells Producing 2019) 5-26-70-7W6 (Upper) BBI Active Operations 2 Producing 2-20-70-7W6…
Current Well Summary Working Measured Lateral Number Operated or Non- Montney Proppant Well Interest Depth Length of Status Operated Interval (tonnes) (%) (meters) (meters) Intervals 1 6-26-70-7W6 Operated 100 Middle 4,734 2,052 51…
Moving Forward with a Clear Path Commercialization of Stage Development Blackbird positioned to commit to Reinforces the teams innovative approach multiple binding Gas Handling Agreements in 2H 2017 New/enhanced GHA(s) 02/6-26…
Tidewater Agreement Sets the Stage for Future Growth Five year term with option to extend; provides Long Term long term processing solution for both north and Growth south of the Wapiti River Blackbird has the option to acquire…
Consistent Decrease in Drill times Blackbird Days vs. Depth 0 Blackbird HZ Elm 5-26-70-7W6 Blackbird HZ Elm 6-26-70-7W6 1,000 46.3 to 17.5 days Blackbird HZ Elm 2-20-70-07W6 (62% improvement) Blackbird 102 HZ Elm…
Completion Optimization Stage Completions Sliding Sleeve 6.5 Days 20 Days 20 Days STAGE Generation Four 8620 Completion Completion (2-28) Program 1 Program 2 Sliding Sleeve (5-26 and 6-26) (2-20) Slickwater Plug & perf cluster…
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: 0 112.4 net…
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) 0.415 Shares Basic 745 mm Fully Diluted 963 mm Insider Holdings (1) 18% Market Capitalization 268 mm Cash (2)…
Appendix: 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)…
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 Allan Dixon…
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