Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/blackbird-energy-completes-sale-of-bigstone-projec.shtmlBlackbird Energy completes sale of Bigstone project
Blackbird Energy Inc. has successfully closed the previously announced disposition of 8.0 gross (3.5 net) sections of Montney rights,
Edit page New page Hide edit links
Blackbird Energy Inc. has successfully closed the previously announced disposition of 8.0 gross (3.5 net) sections of Montney rights, known as Blackbird's Bigstone project, for net proceeds of $8.89 million after closing adjustments.
Garth Braun, Chief Executive Officer of Blackbird noted, "Blackbird is pleased to continue to add further focus to its Elmworth project through the disposition of non-core assets. With the above noted disposition, Blackbird has significantly strengthened its balance sheet as it begins to de-risk and delineate its Montney resource."
