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Blackbird Energy reports 479% increase of P+P NPV10 at its Bigstone project


Published May 5, 2014
Blackbird Energy

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%).

Tags: Blackbird Energy




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