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


Published May 5, 2014
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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%).

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