BlackPearl Resources Inc. – TSX: PXX and OTC: BLKPF
Above you can see the recent move upward for shares of BlackPearl on the TSX. Below you see the same on the US OTC. Earnings and financials were released in early August, and that has led to some of this movement.
Shares on the OTC for BlackPearl are recovering from recent lows. Here are some highlights from the recent financials as included in a press release on August 8th:
- Oil and gas production for the quarter averaged 9,986 boe/day, a 10% increase compared to Q1;
- Cash flow from operations was $22.8 million, a 15% increase from a year earlier and a 127% increase compared to Q1 this year;
- Higher oil prices and narrower heavy oil differentials contributed to a 19% increase in revenues to $58.3 million compared to Q2 2012;
- Net earnings for the quarter were $2.6 million compared to $0.2 million in Q2 2012;
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