Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/blackbird-energy-reports-479-increase-of-pp-npv10-.shtmlBlackbird Energy reports 479% increase of P+P NPV10 at its Bigstone project
Blackbird Energy Inc. announce the results of its revised independent reserves evaluation of its Bigstone project in
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Blackbird Energy Inc. announce the results of its revised independent reserves evaluation of its Bigstone project in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") as at April 30, 2014.
Highlights - April 30, 2014 compared to July 31, 2013
Proved Reserves
Increased Proved reserves by 247% to 434 Mboe (33% liquids). Increased NPV of Proved reserves by 394% to $3.58 million (before tax discounted at 10%). Proved plus Probable Reserves
Increased Proved plus Probable reserves by 195% to 2,259 Mboe (33% liquids). Increased NPV of Proved plus Probable reserves by 479% to $22 million (before tax, discounted at 10%).
