BlackPearl Resources Inc. BLKPF

RE: news

[luke4]

If you go to their website you can read the whole press release. The key takeaways for me on the press release were that everything is on time and budget, production is approximately as expected (around 8ooo boed), still no debt, enough working capital to execute the business plan for the year (keep drilling at Onion Lake and put steam in the ground at Blackrod and water and chemicals at Mooney).  No financings are required this year.

I did not learn anything new and was neither delightedn or disappointed by the report. Nothing new was said and nothing new was expected as they have done precisely what they said they would.

It will be interesting to see how the market responds. It should be a completely neutral response as there were no surprises whatsoever.