In light of the depressed commodity environment, BlackPearl has outlined an initial 2016e cash flow funded budget of $15 mm aimed at
preserving its balance sheet while corporate production expected to grow to 10,000-10,500 bbl/d of oil given the ongoing ramp-up from the
Phase I of its Onion Lake thermal project.
08 Dec 2015
BlackPearl Renews $150 Million Credit Facilities and Provides Initial 2016 Guidance
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BlackPearl Renews $150 Million Credit Facilities and Provides Initial 2016 Guidance
BlackPearl Resources (PXX:TSE) | 0 0 -1.7% | Mkt Cap: 380.0m
- Published:
08 Dec 2015 -
Author:
Robert Fitzmartyn -
Pages:
8
In light of the depressed commodity environment, BlackPearl has outlined an initial 2016e cash flow funded budget of $15 mm aimed at
preserving its balance sheet while corporate production expected to grow to 10,000-10,500 bbl/d of oil given the ongoing ramp-up from the
Phase I of its Onion Lake thermal project.