Q3 by End of mth - release last yr 29 Junhttps://www.blackbirdenergyinc.com/investors/financial-reports
All things being identical to Q2 (production), the rise in condensate prices since 31 Jan should mean a 2nd consecutive record quarter of revenues.
https://www.psac.ca/business/gmpfirstenergy/ | 11 Jan 18 - Edmonton Condensate | 77.85 | | | |
| 11 May 18 - Edmonton Condensate | | 89.18 | | | |
| | | | | | | | | | |
20 Jun 18 – Edmonton Condensate 85.74
$7.89 Increase or 10.13%
However, any improvement in production will also be material to the Quarterly #'s.
CALGARY, Alberta, March 26, 2018 (GLOBE NEWSWIRE) -- Blackbird Energy Inc. (TSX-V:BBI) (“
Blackbird” or the “
Company”) is pleased to announce record financial and operational results for the quarter ended January 31, 2018. Blackbird’s unaudited condensed consolidated interim financial statements and related management’s discussion and analysis for the quarter ended January 31, 2018 are available on SEDAR at
www.sedar.com and are also posted on Blackbird’s website at
www.blackbirdenergyinc.com.
Highlights - Record Corporate Production: Blackbird is pleased to announce that for the three months ended January 31, 2018, the Company achieved record corporate production of 2,082 boe/d (57% liquids) for the 55 days it was on production. Total production averaged 1,273 boe/d on a calendar day basis for the three months, with volumes being impacted by approximately 37 days of unscheduled third party downtime.
- Record Revenue, Operating Netback and Funds from Operations: Blackbird reported a record $6.0 million ($51.53/boe) of petroleum and natural gas revenue, $3.4 million ($28.75/boe) of operating netback and $2.4 million ($20.51/boe) of funds from operations during the three months ended January 31, 2018. These results were achieved with the Company producing for approximately two-thirds of the quarter due to third party natural gas processing shut-downs. Management of the Company is very pleased with the operating netback per boe and how it compares with industry leaders.