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BRIEF-Blackpearl Q4 revenue C$23 million

Published 2016-02-25, 05:57 p/m
© Reuters.  BRIEF-Blackpearl Q4 revenue C$23 million
PXX
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Feb 25 (Reuters) - Blackpearl Resources Inc PXX.TO :
* Announces fourth quarter and full year 2015 financial and operating results
and year-end reserves and resources
* Q4 revenue C$23 million
* Qtrly loss per share $0.09
* Says Q4 2015 oil and gas production was 9,521 boe/day, a 27% increase from
the third quarter
* Says "we are managing in this low price environment by reducing our costs and
limiting capital expenditures"
* Due to continued decrease in oil prices, co has decided to temporarily
shut-in about 75% of production from 1st phase of mooney asp flood
* Says have updated 2016 production guidance to average between 9,000 and
10,000 bbls/d

* Source text for Eikon Further company coverage PXX.TO

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