Aug 2 (Reuters) - BlackPearl Resources Inc PXX.TO :
* BLACKPEARL ANNOUNCES SECOND QUARTER 2018 FINANCIAL AND OPERATING RESULTS
* BLACKPEARL'S PRODUCTION AVERAGED 11,250 BOE/D IN Q2 2018, A 13% INCREASE COMPARED TO 9,927 BOE/D IN Q1 2018
* HAVE MAINTAINED 2018 EXIT PRODUCTION GUIDANCE OF 14,000 BBL/D
* QTRLY LOSS PER SHARE $0.02
* BLACKPEARL RESOURCES - PHASE 2 IS EXPECTED TO REACH NAME-PLATE CAPACITY OF 6,000 BBL/D IN EARLY Q1 2019, A FEW MONTHS AHEAD OF ORIGINAL ESTIMATE.
* OIL AND GAS PRODUCTION AVERAGED 11,250 BARRELS OF OIL EQUIVALENT PER DAY (BOE/DAY) IN Q2 OF 2018
* QTRLY OIL AND GAS REVENUE – GROSS
$50.1 MILLION VERSUS $ 37.7 MILLION YEAR AGO
* SEES OIL AND GAS PRODUCTION TO AVERAGE 12,000 BOE/D IN 2018
* PLANNING TO SPEND BETWEEN $95 AND $100 MILLION ON CAPITAL PROJECTS IN 2018
* HAVE MAINTAINED 2018 EXIT PRODUCTION GUIDANCE OF 14,000 BBL/D
* BLACKPEARL RESOURCES- FY ANTICIPATED ADJUSTED FUNDS FLOW EXPECTED TO BE BETWEEN $75 AND $80 MILLION, UP FROM PREVIOUS GUIDANCE OF BETWEEN $65 AND $70 MILLION