SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (2003)8/7/2013 10:55:20 AM
From: Goose94Read Replies (1) | Respond to of 203961
 
Deep pockets



To: Goose94 who wrote (2003)8/21/2013 11:12:21 AM
From: Goose94Respond to of 203961
 
PXX-T up 10 cents at $2.01 vol. 212,582



To: Goose94 who wrote (2003)8/29/2016 6:22:06 PM
From: Goose94Read Replies (1) | Respond to of 203961
 
PXX-T closed/new 52 week high, $1.25



To: Goose94 who wrote (2003)9/16/2016 10:21:40 AM
From: Goose94Read Replies (2) | Respond to of 203961
 
BlackPearl Resources (PXX-T) Sept 16, '16 is pleased to announce that its 80,000 barrel per day commercial development application at Blackrod, located in the Athabasca Oil Sands, has received regulatory and environmental approval from the Alberta Energy Regulator and the Alberta government.

John Festival, President and CEO of BlackPearl commented that "in addition to extensive delineation drilling and seismic coverage over the application area we have run a successful SAGD pilot at Blackrod during the last four years that validated the SAGD process on our lease. In conjunction with this work we filed a commercial development application and after a long and thorough review of our proposed development we are very pleased with the decision of the regulators and the provincial government. With a successful pilot, which has averaged in excess of 550 barrels of oil per day over the last 16 months with a steam oil ratio of 2.8, and commercial development approval our next steps are to secure funding for the project. We believe the long life, low decline nature of these assets provide a very attractive opportunity. This approval also represents a major step towards our long term strategy to transition to a significant thermal oil producer."

At December 31, 2015 our independent reserves evaluator assigned 180 million barrels of proved plus probable bitumen reserves to our Blackrod leases and an additional 453 million barrels of contingent resource (risked, best estimate). At 80,000 barrels per day, these reserves and resources represent a production life in excess of 20 years.

BlackPearl Resources Inc
John Festival
President and Chief Executive Officer
(403) 215-8313

BlackPearl Resources Inc
Don Cook
Chief Financial Officer
(403) 215-8313

BlackPearl Resources Inc
Robert Eriksson
Investor Relations Sweden
+46 701-112615