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Last C$1.09 CAD
Change Today 0.00 / 0.00%
Volume 456.5K
PXX On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stockholm
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As of 4:00 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

blackpearl resources inc (PXX) Snapshot

Open
C$1.09
Previous Close
C$1.09
Day High
C$1.12
Day Low
C$1.07
52 Week High
07/4/14 - C$2.36
52 Week Low
03/20/15 - C$0.65
Market Cap
365.8M
Average Volume 10 Days
552.9K
EPS TTM
C$0.05
Shares Outstanding
335.6M
EX-Date
--
P/E TM
22.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for BLACKPEARL RESOURCES INC (PXX)

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blackpearl resources inc (PXX) Details

BlackPearl Resources Inc., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas, primarily heavy oil and bitumen in Canada and the United States. The company holds interests in the Onion Lake oil property covering an area of approximately 8,960 net acres located in Saskatchewan; the Mooney oil property comprising an area of approximately 61,280 acres in north-central Alberta; and the John Lake oil property covering an area of approximately 4,480 acres in the Cold Lake oil sands region in east central Alberta. It also holds interest in the Blackrod oil sands project with oil sand leases and permits covering an area of approximately 49,060 acres in the Blackrod area of northern Alberta. In addition, the company holds interests in various other areas of Saskatchewan and Alberta, including Fishing Lake, Reita Lake, Portage, Salt Lake, and Unity, Canada; and in various areas in the United States. The company was formerly known as Pearl Exploration and Production Ltd. and changed its name to BlackPearl Resources Inc. in May 2009. BlackPearl Resources Inc. was incorporated in 1984 and is headquartered in Calgary, Canada.

34 Employees
Last Reported Date: 02/26/15
Founded in 1984

blackpearl resources inc (PXX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: C$250.0K
Vice President of Operations
Total Annual Compensation: C$250.0K
Vice President of Exploration
Total Annual Compensation: C$250.0K
Compensation as of Fiscal Year 2014.

blackpearl resources inc (PXX) Key Developments

Blackpearl Resources Inc. Commences Steam Injection at Onion Lake in Saskatchewan

BlackPearl Resources Inc. announced that it has commenced steam injection at its 6,000 barrel per day thermal EOR project at Onion Lake in Saskatchewan. This phase of the project includes 13 horizontal production wells on two well pad sites. First oil production is expected approximately three to six months after steam injection. At Blackrod, the company continues to achieve positive well results from the second SAGD pilot well pair. After completion of well and facility maintenance during the first quarter, the well has been producing in excess of 500 barrels of oil per day during April and May, with a steam oil ratio under three.

BlackPearl Announces Renewal of its Credit Facilities

BlackPearl Resources Inc. announced the renewal of its credit facilities. The company recently completed its annual review and semi-annual borrowing base redetermination with the syndicate of lending institutions in its credit facility. Under the terms of the amended credit agreement with the lenders, the total credit facilities available to the company remains at $150 million, consisting of a $125 million syndicated revolving line of credit, a non-syndicated operating line of credit of $10 million and a $15 million supplemental loan facility. In the event the lenders elect not to renew the credit facilities during its next scheduled review (by May 31, 2016) any amounts outstanding on the revolving and operating line of credit will be due and payable in full by May 27, 2017. Any outstanding advances under the supplemental loan facility are required to be repaid by May 28, 2016. The supplemental loan facility may also be repaid through proceeds of assets dispositions, capital raises, or increases to the $125 million syndicated revolving line of credit. Advances under the supplemental loan facility bear interest at 150 basis points (1.5%) above the rate applicable to advances under the revolving or operating line of credit. The next borrowing base redetermination will occur on or before November 30, 2015. In conjunction with the renewal of the credit facilities the company has agreed to hedge a minimum of 3,000 barrels of oil per day for 2016. The company expects that a portion of the reserves associated with the first phase of the Onion Lake thermal EOR project will be reclassified from undeveloped to producing reserves which should have a positive impact on the next borrowing base redetermination.

BlackPearl Resources Inc. Approves Adoption of By-Law No. 2

BlackPearl Resources Inc. at its AGM held on May 7, 2015, approved the adoption of By-Law No. 2 of the Corporation relating to the advance notice of nominations of directors of the Corporation.

 

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Price/Sales 2.4x
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Price/Cash Flow 4.7x
TEV/Sales 1.9x
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