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BlackPearl Resources Inc (PXX.TO)

PXX.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BlackPearl reports Q2 earnings per share $0.02‍​
Wednesday, 9 Aug 2017 05:00pm EDT 

Aug 10 (Reuters) - BlackPearl Resources Inc -:BlackPearl announces second quarter 2017 financial and operating results.BlackPearl Resources Inc- ‍production for quarter averaged 10,386 bbls/d, 7% higher than q2 2016​.Qtrly earnings per share $0.02‍​.BlackPearl Resources Inc- ‍oil and natural gas sales increased 33% in Q2 of 2017 to $37.7 million from $28.3 million in same period in 2016​.BlackPearl Resources Inc- ‍realized oil price before effects of risk management activities in q2 was $41.93 per barrel versus $34.44 per barrel last year.BlackPearl Resources Inc- ‍planning to spend between $195 and $200 million on capital projects in 2017​.BlackPearl Resources Inc- ‍2017 adjusted funds flow is expected to be between $52 and $57 million​.BlackPearl Resources Inc- ‍anticipate oil and gas production to average between 10,000 and 11,000 boe/d in 2017​.BlackPearl Resources Inc- ‍production for q3 2017 is expected to be between 9,000 and 9,500 boe/d​.  Full Article

BlackPearl production for Q2 averaged 10,386 bbls/d
Wednesday, 9 Aug 2017 05:00pm EDT 

Aug 9 (Reuters) - BlackPearl Resources Inc :BlackPearl announces second quarter 2017 financial and operating results.BlackPearl Resources Inc says production for quarter averaged 10,386 bbls/d, 7% higher than Q2 2016.Qtrly earnings per share $0.02.BlackPearl Resources inc says planning to spend between $195 and $200 million on capital projects in FY.Blackpearl Resources Inc says anticipate oil and gas production to average between 10,000 and 11,000 boe/d in 2017.BlackPearl Resources Inc - capital program is expected to be funded from a combination of our anticipated adjusted funds flow.BlackPearl Resources Inc - corporate production for Q3 2017 is expected to be between 9,000 and 9,500 boe/d.BlackPearl Resources Inc says adjusted funds flow is expected to be between $52 and $57 million in FY.  Full Article

Blackpearl announces $75 mln senior secured second lien note financing
Friday, 30 Jun 2017 11:30am EDT 

June 30 (Reuters) - Blackpearl Resources Inc :Blackpearl announces $75 million senior secured second lien note financing and amendments to existing credit facilities.Blackpearl Resources Inc says notes were issued at par and bear interest at 8.00 pct per year, payable quarterly in arrears, and mature on june 30, 2020.Blackpearl Resources Inc - proceeds from issuance of notes will initially be used to repay amounts outstanding under existing credit facilities.Blackpearl Resources Inc - company also amended its existing credit facilities with its banking syndicate.Blackpearl Resources Inc - amendments include an increase in borrowing base amount from $117.5 million to $120 million.Blackpearl Resources Inc - proceeds from issuance of notes will also be used to fund construction of expansion of onion lake thermal project.  Full Article

Blackpearl says anticipate oil and gas production to average between 10,000 boe/d and 11,000 boe/d in 2017
Wednesday, 3 May 2017 05:00pm EDT 

May 3 (Reuters) - Blackpearl Resources Inc :Blackpearl announces first quarter 2017 financial and operating results.Says production averaged 10,753 barrels of oil equivalent (boe) per day, a 17% increase compared to Q1 2016 volumes.Blackpearl Resources - For 2017, planning to spend between $185 million and $190 million on capital projects, down from initial guidance of $200 million.Blackpearl Resources - For year end 2017 debt levels are anticipated to be between $130 and $135 million, down from our initial guidance of $135 million and $140 million.Blackpearl Resources Inc says anticipate oil and gas production to average between 10,000 boe/d and 11,000 boe/d in 2017.  Full Article

Blackpearl Resources Q1 earnings per share $0.02
Wednesday, 3 May 2017 05:00pm EDT 

May 3 (Reuters) - Blackpearl Resources Inc :Blackpearl announces first quarter 2017 financial and operating results.Qtrly production averaged 10,753 barrels of oil equivalent (boe) per day.Planning to spend between $185 and $190 million on capital projects, down from our initial guidance of $200 million.Blackpearl Resources Inc FY funds flow from operations is expected to be between $55 and $60 million.Qtrly earnings per share $0.02.Blackpearl Resources Inc - anticipate oil and gas production to average between 10,000 and 11,000 boe/d in 2017, unchanged from initial guidance.Target for initial steam injection for second phase is mid-2018.Oil production will be impacted during q2 as a result of a facility turnaround and inspection in may.Blackpearl Resources Inc qtrly oil and gas revenue - gross of $37.2 million versus $13 million.  Full Article

Blackpearl Resources Inc Q4 loss per share $0.01
Thursday, 23 Feb 2017 05:00pm EST 

Blackpearl Resources Inc : Blackpearl announces fourth quarter and full year 2016 financial and operating results and year-end reserves and resources, work commences on phase 2 thermal expansion at onion lake . Blackpearl says oil and natural gas sales increased 56% in Q4 of 2016 to $35.4 million from $22.6 million in same period in 2015 . Blackpearl says Q4 2016 oil and gas sales volumes were 10,479 boe per day, a 10% increase over production during same period in 2015 . Blackpearl sees capital spending in 2017 will be approximately $200 million . Blackpearl sees 2017 oil and gas production is expected to average between 10,000 and 11,000 boe/d .Blackpearl qtrly loss per share $0.01.  Full Article

Blackpearl announces the sale of a royalty interest on its Onion Lake property for $55 million
Thursday, 1 Dec 2016 04:00pm EST 

Blackpearl Resources Inc : Blackpearl announces the sale of a royalty interest on its Onion Lake property for $55 million . Blackpearl Resources Inc says Blackpearl sold an approximate 1.75% royalty on production from substantially all of its Onion Lake lands .Blackpearl Resources Inc says proceeds of sale will initially be used to re-pay bank indebtedness.  Full Article

Blackpearl announces Q3 financial and operating results
Thursday, 3 Nov 2016 05:30pm EDT 

Blackpearl Resources Inc : Blackpearl Resources Inc - Production averaged 10,951 barrels of oil equivalent (boe) per day in Q3 2016, a 46% increase compared to Q3 2015 volumes . Blackpearl Resources Inc - Oil and gas revenues in q3 2016 were $32.4 million, a 56% increase . Blackpearl Resources Inc - Anticipate average oil and gas production in 2016 to be approximately 10,000 boe/d . Estimated funds flow from operations for year is expected to be between $42 and $45 million . Blackpearl Resources Inc - Sees FY capital spending for year is now expected to be between $7 and $10 million . Blackpearl Resources Inc- Qtrly earnings per share $0.00 .Blackpearl announces third quarter 2016 financial and operating results.  Full Article

Blackpearl Resources posts Q2 loss per share $0.03
Tuesday, 9 Aug 2016 05:00pm EDT 

Blackpearl Resources Inc : Qtrly gross oil and gas revenue $28.3 million versus $30.7 million . Plans for remainder of 2016 are relatively unchanged from q1 2016 guidance update .Qtrly loss per share $0.03.  Full Article

BlackPearl Resources Inc gives FY 2016 production outlook
Monday, 7 Dec 2015 02:01am EST 

BlackPearl Resources Inc:Expect overall FY 2016 production to average between 10,000 and 10,500 barrels of oil per day.  Full Article

BRIEF-BlackPearl production for Q2 averaged 10,386 bbls/d

* BlackPearl announces second quarter 2017 financial and operating results