Oil & Gas Junior Gushes on Montney Update

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Blackbird Energy Inc. (CVE:BBI), an oil & gas junior, jumped after providing a timeline for production

Sean Mason | November 18, 2016 | SmallCapPower

An oil & gas junior continued to attract the attention of more than a few investors Friday. Here’s some small stocks making big moves on Friday, November 18, 2016 (as of 4 pm EST):

Blackbird Energy Inc. (CVE:BBI) shares climbed 11% to $0.60 on Friday after the oil & gas junior provided an update regarding its Upper Montney drilling program, which included a $4.2 million cost reduction and the expected completion of its infrastructure in late December, 2016 or early January, 2017, with production to begin shortly thereafter.

Related: Top Energy Stock Pick from AlphaNorth’s Steven Palmer Powers Up 53% in Three Months

As well, shares of GPM Metals Inc. (CVE:GPM) slid 37% to $0.095 as the zinc focused exploration company said seven diamond drill holes for 953 meters have been completed at the Walker Gossan Project in the Northern Territory of Australia.

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Claim Post Resources Inc. (CVE:CPS), meanwhile, reported that it has purchased 100% interest in 48 claim units (3 square miles) in Godfrey Township 11km west of the Hollinger Mine. The purchase price was $7,500 cash plus 400,000 common shares of Claim Post subject only to a 2% NSR Royalty with a buyout on 1%. Claim Post Resources stock moved up 20% to $0.03 following the announcement.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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