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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18585)	7/14/2016 9:29:52 AM
From: Goose94	Read Replies (1) \| Respond to of 202367

Blackbird Energy (BBI-V) open @ top end of trading range with new 52 week high, 21.5 cents

To: Goose94 who wrote (18585)	7/28/2016 7:01:42 AM
From: Goose94	Read Replies (2) \| Respond to of 202367

Blackbird Energy (BBI-V) July 28, '16 is pleased to announce that it has entered into an agreement for the acquisition of an indirect 10% minority interest in Stage Completions Inc., a Canadian technology and services company that specializes in pin-point multistage completions, for a cash purchase price of $3.0 million. The Transaction remains subject to TSX Venture Exchange approval and the satisfaction of certain closing conditions including with respect to operational matters and the receipt by Blackbird of an independent valuation. Stage has developed disruptive new technology at the forefront of the oil and gas completions industry. Stage's technology provides access to the plug and perf market through its designed, owned, manufactured and patented fracturing systems that are focused on sliding sleeve technology. The strategic assessment of fracturing tool inefficiencies has resulted in the development of the disruptive solution for technically challenging applications in horizontal, vertical, and multi-lateral wells in all formations. Stage's fracturing technologies will enable operators to increase well productivity and significantly reduce well costs through: Proprietary dissolvable ball and collet activated fracturing sliding sleeve systems designed for cased hole and open hole applications; Sliding sleeve systems with a constant ID (internal diameter) which allows for more efficient pumping throughout the wellbore, reduced friction, reduced pumping times and more efficient flowback; Virtually unlimited stages (stage counts over 100); and The ability for a ball and collet to be reinstalled at a later date for re-frac and re-stimulation. Garth Braun, Chairman, CEO and President of Blackbird, stated, "Blackbird is making this investment to be in a control position on costs while also having the ancillary benefit of being a shareholder of disruptive completions technology. The Stage system was recently deployed on Blackbird's water disposal well, where its capabilities were clearly demonstrated. In large part due to the Stage technology, we drilled and completed our water disposal well on-time and below budget. With the use of Stage's proprietary sliding sleeve completion systems, Blackbird believes it can achieve cost savings of between $1.5 and $2.0 million per Montney well compared to competing sliding sleeve and plug and perf technologies." Additionally, Blackbird's investment will yield the following benefits: Blackbird will obtain Stage's systems for cost plus an administration fee, giving Blackbird a clear competitive advantage on completion costs; Preferential access to the Stage system gives another distinct competitive advantage within the oil and gas industry; and The ability for Blackbird to participate in the anticipated growth of Stage as it deploys its disruptive technology globally. Blackbird anticipates that the investment in Stage will be paid-off through cost savings after implementing this innovative pin-point completions technology in approximately 1.5 Montney wells. Blackbird is funding the Transaction through cash on hand and will hold approximately $28.5 million in working capital with no debt post-closing of the Transaction. For more information on Stage, please visit www.stagecompletions.com. The Transaction is a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101?) as Mr. Garth Braun, the Company's Chairman, Chief Executive Officer and President is also a director of Stage and Sean Campbell, a director of Blackbird, holds an indirect controlling interest in Stage and is also the President and a director of Stage. The Transaction is exempt from the requirement to obtain minority shareholder approval and a formal valuation as required by MI 61-101 as the fair market value of the transaction is not more than the 25% of the Company's market capitalization. About Blackbird Blackbird Energy Inc. is a highly innovative oil and gas exploration and development company focused on the condensate and liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta. For more information please view our Corporate Presentation at www.blackbirdenergyinc.com. Blackbird Energy Inc. Garth Braun Chairman, CEO and President (403) 500-5550 gbraun@blackbirdenergyinc.com Blackbird Energy Inc. Joshua Mann Vice President, Business Development (403) 390-2144 josh@blackbirdenergyinc.com