Blackbird has commissioned and received a report in regards to the proposed acquisition, prepared in compliance with National Instrument 51-101, pertaining to the assets to be acquired in the acquisition.

The oil and gas assets held by Thani Netherlands Holding include the right to explore for and exploit the oil and gas resource potential within certain blocks ranging over an expansive area, including both onshore and offshore, of North and West Africa.

The exploration stage of each block varies and contingent and prospective resources have been assigned.