Q318 will be better than Q218 ReportsWell a co-ordinated IR event by BBI. RBC Analyst report and a 2nd consecutive quarter of positive cash flow! Should get share price > .50 and warrants > .22. I'm predicting July 31, 2018 will be even better based on a guess of 68 dys production and condensate price average for the YTD of $83.11
https://www.psac.ca/business/gmpfirstenergy/ Next leg of development will allow Blackbird to graduate to an intermediate producer
From May 1, 2018 to the date of this news release, the Company has produced for approximately 48 days. There is currently a planned outage at the Company's third-party gas processing plant scheduled for the beginning of July 2018 which is expected to cause a service disruption of approximately 14 days. The timing and / or length of this planned outage may change and Blackbird may experience further production interruptions due to unexpected downtimes.
May 1 -26 Jun (48 dys of production = lost 09 dys downtime + 14 dys below = 23 dys – 90 = 68 dys of production guess)
Q3 Revenue: $6.4 million during the three months ended Apr 30, 2018 (62 dys of production)
Q3 Operating Netback: $27.28/boe during the three months ended Apr 30, 2018
Q2 Revenue: $3.4 million during the three months ended Jan 31, 2018 (55 dys of production)
Q2 Operating Netback: $28.75/boe during the three months ended Jan 31, 2018
Q1 2018 Revenue: $2.6 million during the three months ended October 31, 2017; (35 dys of production)
Q1 2018 Operating Netback: $14.37/boe during the three months ended October 31, 2017;