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BlackPearl Resources Inc (PXX.TO)

PXX.TO on Toronto Stock Exchange

1.04CAD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

International Petroleum & BlackPearl Resources Get Securityholder Approval For Business Combination
Friday, 7 Dec 2018 

Dec 7 (Reuters) - BlackPearl Resources Inc ::INTERNATIONAL PETROLEUM CORP. AND BLACKPEARL RESOURCES INC. RECEIVE SECURITYHOLDER APPROVAL FOR STRATEGIC BUSINESS COMBINATION.BLACKPEARL RESOURCES INC - BLACKPEARL EXPECTS TO APPLY FOR A FINAL ORDER OF COURT OF QUEEN'S BENCH OF ALBERTA APPROVING ARRANGEMENT ON DECEMBER 13.BLACKPEARL RESOURCES INC - CLOSING OF ARRANGEMENT BETWEEN CO AND INTERNATIONAL PETROLEUM CORP IS EXPECTED TO OCCUR ON DECEMBER 14, 2018.  Full Article

International Petroleum Corp To Acquire Blackpearl Resources Inc
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - BlackPearl Resources Inc ::INTERNATIONAL PETROLEUM CORP. TO ACQUIRE BLACKPEARL RESOURCES INC. IN STRATEGIC BUSINESS COMBINATION OF HIGH QUALITY, LONG LIFE PRODUCING ASSETS AND EXCITING ORGANIC GROWTH OPPORTUNITIES.BLACKPEARL RESOURCES - IPC WILL ACQUIRE ALL OF SHARES OF BLACKPEARL BASED UPON A SHARE EXCHANGE RATIO OF 0.22 SHARES OF IPC FOR EACH BLACKPEARL SHARE.BLACKPEARL RESOURCES INC - PROPOSED DEAL FOR ACQUISITION PRICE OF CAD 1.85 PER BLACKPEARL SHARE.BLACKPEARL RESOURCES INC - NO FRACTIONAL IPC SHARES WILL BE ISSUED AND ANY FRACTIONAL ENTITLEMENTS TO IPC SHARES WILL BE ROUNDED IN DEAL.BLACKPEARL RESOURCES INC - IPC WILL ISSUE APPROXIMATELY 76 MILLION IPC SHARES TO HOLDERS OF BLACKPEARL SHARES ON A FULLY DILUTED BASIS.BLACKPEARL - ENTITIES RELATED TO LUNDIN FAMILY WILL CONTINUE TO BE LARGEST SHAREHOLDER OF IPC WITH APPROXIMATELY 24% OF THEN OUTSTANDING IPC SHARES.  Full Article

Blackpearl Resources Qtrly Loss Per Share $0.02
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - BlackPearl Resources Inc ::QTRLY OIL AND GAS REVENUE – GROSS $50.26 MILLION VERSUS $ 37.7 MILLION YEAR AGO.BLACKPEARL ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATING RESULTS.BLACKPEARL'S PRODUCTION AVERAGED 11,250 BOE/D IN Q2 2018, A 13% INCREASE COMPARED TO 9,927 BOE/D IN Q1 2018.HAVE MAINTAINED 2018 EXIT PRODUCTION GUIDANCE OF 14,000 BBL/D.QTRLY LOSS PER SHARE $0.02.OIL AND GAS PRODUCTION AVERAGED 11,250 BARRELS OF OIL EQUIVALENT PER DAY (BOE/DAY) IN Q2 OF 2018.SEES OIL AND GAS PRODUCTION TO AVERAGE 12,000 BOE/D IN 2018.PLANNING TO SPEND BETWEEN $95 AND $100 MILLION ON CAPITAL PROJECTS IN 2018.HAVE MAINTAINED 2018 EXIT PRODUCTION GUIDANCE OF 14,000 BBL/D.BLACKPEARL RESOURCES- FY ANTICIPATED ADJUSTED FUNDS FLOW EXPECTED TO BE BETWEEN $75 AND $80 MILLION, UP FROM PREVIOUS GUIDANCE OF BETWEEN $65 AND $70 MILLION.BLACKPEARL RESOURCES - PHASE 2 OF ONION LAKE THERMAL PROJECT IS EXPECTED TO REACH NAME-PLATE CAPACITY OF 6,000 BBL/D IN EARLY Q1 2019, A FEW MONTHS AHEAD OF ORIGINAL ESTIMATE .  Full Article

BlackPearl Resources reports Qtrly Loss Per Share $0.03
Thursday, 3 May 2018 

May 2 (Reuters) - BlackPearl Resources Inc ::BLACKPEARL ANNOUNCES FIRST QUARTER 2018 FINANCIAL AND OPERATING RESULTS.BLACKPEARL RESOURCES INC - PRODUCTION FOR QUARTER AVERAGED 9,927 BARRELS OF OIL EQUIVALENT PER DAY, A 6% DECREASE COMPARED TO Q4 2017 VOLUMES.BLACKPEARL RESOURCES - LOWER PRODUCTION VOLUMES IN Q1 DUE TO CO'S RESPONSE TO WIDER HEAVY OIL DIFFERENTIALS, TRANSPORTATION CONSTRAINTS DURING QUARTER.BLACKPEARL RESOURCES INC- QTRLY LOSS PER SHARE $0.03.BLACKPEARL RESOURCES INC SAYS STILL PLANNING TO SPEND BETWEEN $80 MILLION AND $85 MILLION ON CAPITAL PROJECTS FOR THE YEAR..BLACKPEARL RESOURCES INC SAYS STILL ANTICIPATE OIL AND GAS PRODUCTION TO AVERAGE BETWEEN 11,000 AND 12,000 BOE/D IN 2018.  Full Article

Blackpearl announces Q3
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Blackpearl Resources Inc :Blackpearl announces third quarter 2017 financial and operating results.  Full Article

Blackpearl expects 2018 capex of $60 mln-$65 mln
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Blackpearl Resources Inc :Blackpearl announces third quarter 2017 financial and operating results.Blackpearl Resources Inc - ‍oil and gas production averaged 9,072 barrels of oil equivalent per day in q3 of 2017, a 17% decrease​.Blackpearl Resources Inc - ‍plan for remainder of 2017 is unchanged from previous guidance update​.Blackpearl Resources Inc - ‍capital spending in 2018 is expected to be between $60 million and $65 million​.  Full Article

RPT-Canadian oil producers trade shares for growth but investors hard to impress

WINNIPEG/TORONTO, Nov 29 Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy.