Impact: Positive. Formal regulatory approval for BlackPearl's Blackrod project adds a significant resource and value wedge to the Company's development portfolio; however, with an estimated $800 mm in capital required for the first 20,000 bbl/d Phase of the project, a considerable corporate financing funding gap remains to be closed, potentially with the help of a financial JV partner.
16 Sep 2016
BLACKROD SAGD PROJECT RECEIVES REGULATORY APPROVAL
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BLACKROD SAGD PROJECT RECEIVES REGULATORY APPROVAL
BlackPearl Resources (PXX:TSE) | 0 0 -1.7% | Mkt Cap: 380.0m
- Published:
16 Sep 2016 -
Author:
Robert Fitzmartyn -
Pages:
2
Impact: Positive. Formal regulatory approval for BlackPearl's Blackrod project adds a significant resource and value wedge to the Company's development portfolio; however, with an estimated $800 mm in capital required for the first 20,000 bbl/d Phase of the project, a considerable corporate financing funding gap remains to be closed, potentially with the help of a financial JV partner.