Pärlan fortsätter att tuffa på

Diagrammet talar för sig själv. Det är härligt att se det efter nätter som denna. Medans vi sover vår skönhetssömn så tuffar Pärlan mot högre höjder i Kanada. När och inte om kursen mellan den kanadensiska valutan och svenska kronan stabiliserar sig mot mer normala höjder så kommer det också att påverka kursen. Titta på diagrammet och njut....

Hur blir man miljonär? | Privatekonomi hos Per Penning - att bli ekonomiskt oberoende

Hur blir man miljonär? | Privatekonomi hos Per Penning - att bli ekonomiskt oberoende

Hur man blir miljonär, det är en bra fråga. Per har tittat lite på just detta.

Mina råd för dig som vill bli rik | Privatekonomi hos Per Penning - att bli ekonomiskt oberoende

Mina råd för dig som vill bli rik | Privatekonomi hos Per Penning - att bli ekonomiskt oberoende

Mycket väl värt att läsa och begrunda.

BLACK PEARL

BlackPearl: Produktion över mål 2010, upprepar mål för 2011

2011-01-28 07:08

     (SIX) BlackPearl Resources produktion var i genomsnitt 7.308 fat per dag i fjärde kvartalet. Vid utgången av kvartalet översteg produktionen 8.000 fat per dag, vilket innebär att bolaget nådde målet om en produktion på 8.000 fat per dag vid utgången av året. Målet för helåret var 6.800-7.100 fat om dagen. 

    Det framgår av ett pressmeddelande. 

    Bolaget borrade 22 brunnar vid Onion Lake under andra halvåret 2010. Bolaget upprepar prognosen att produktionen ska nå 11.000-13.000 fat per dag vid utgången av 2011. 

    Det första kvartalets produktion kommer att påverkas av den nyss slutförda försäljningen av Salt Lake och konverteringen av vissa brunnar vid Mooney från producenter till polymerinjektorer. Även potentiellt minskade leveranser, som ett resultat av tillfälliga oljeledningsrestriktioner från pipeline-operatörer, kommer att påverka. 

    Bolaget har för närvarande en borrigg vid Onion Lake och en rigg vid Blackrod. Bolaget har ett aktivt borrprogram vid Onion Lake under 2011 och planerar att utöka med en eller två ytterligare borriggar inom kort så att programmet kan slutföras som planerat. 

    Byggnationen av Blackrods SAGD-piolot och Mooneys polymerflood-projekt fortsätter och båda dessa projekt förväntas komma att slutföras i april, skriver bolaget. 

    BlackPearl uppger vidare att bolagets betingade resurser (P50) uppgick till 739 miljoner fat olja vid utgången av 2010. Resurserna fördelas med 619 miljoner fat i Blackrod, 80 miljoner fat i Onion Lake och 40 miljoner fat i Mooney. 

INTEGRA GOLD

Integra Gold Corp. TSX VENTURE: ICG

Jan 28, 2011 09:01 ET

Integra Gold Corp. 2011 Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2011) - Integra Gold Corp. (TSX VENTURE:ICG) (the "Company") is pleased to provide this update of events that have transpired since its last news release dated January 10, 2011. 

President's Message

"I am pleased with the advancements made by Integra Gold Corp. as it continues to develop corporate plans relating to exploration, land acquisition, financing and eventual development and production. Productive meetings took place in China with Shandong Gold International Mining Company Ltd. ("SDGIM") and also in Canada during the two days of directors' meetings held in Vancouver.

We are pleased to announce diamond drilling continues at Lamaque on the Forestel Zone as comprehensive new drill programs are being designed and implemented. It has been made exceedingly clear to me that the investment community supports the new direction taken by management. I trust that this update will provide shareholders a sense that management is on the right track and working for them."

China Visit

The Company met with SDGIM management and directors in Jinan, China, from January 13^th to January 16^th. The talks were productive with a renewed commitment by SDGIM to develop Integra Gold Corp. as a flagship company for their investment purposes in Canada. SDGIM also confirmed their unequivocal support for management, the board of directors and the Company's focus on accelerating exploration, production, corporate development and expansion in Canada.

Focus for 2011

The directors have approved management's 2011 exploration plan prepared by Geologica Groupe-Conseil's geological team which includes an extensive drill program with distinct timelines for geological analysis. The scheduling of this program will ensure drilling is done efficiently and located in areas where best results can be achieved. The upcoming 43-101 report will include drilling recommendations designed to enhance existing resources. The Company has the financial capacity and ability to immediately increase the drill program significantly in 2011 and beyond as it receives recommendations from the geological team.

Management is moving forward with an exploration program designed to bring the Lamaque property to a pre-feasibility stage as quickly as possible. The possibility of focusing part of managements human resources solely to pre-feasibility and an equal component to focus on continued exploration and corporate development is being considered. Planning is underway to facilitate a drill plan that may be more than double what has been approved.

Director's Meeting

A director's meeting took place in Vancouver on January 20 and 21^st attended by all directors of the Company, including Mr. Yuhuan Ge who is also a director of SDGIM. Many insights were gained from his expertise as mining engineer along with fellow director from Val d'Or, Mr. Robert Bryce, also a mining engineer. The geological profile of the Lamaque project was reviewed in detail along with the 2011 drill program put forward by Geologica Groupe-Conseil Inc. The diamond drill exploration program for 2011 was approved with the proviso that a greatly enhanced program be initiated if recommended by the 43-101 report, which is expected to be released in March.

Resignation from the Board

On January 21, 2011, the Board of Directors accepted Mr. Richard W. Hughes resignation from the board and thanked him for his many years of service. Mr. Hughes wishes the board well in their endeavours and is encouraged by the new direction and focus taken by the Company.

As released earlier, management has severed its management contract with the Hastings Management Corp., and is no longer associated with the Hughes Exploration Group. Management's sole focus will continue to be advancing Integra Gold and creating value for the shareholder.

New Board Appointment

By unanimous endorsement, the board appointed Mr. Stephen de Jong, as a director of the Company. Mr. de Jong is the President and CEO of Rogue Resources Inc. (TSX VENTURE:RRS), a Canadian junior exploration company focused on mineral exploration primarily in the Timmins camp of Ontario. Stephen has been actively involved in many aspects of negotiations with SD Gold during the past 12 months as Integra continues to explore all opportunities to advance the Lamaque project towards production. Stephen's financial and business acumen accompanied by his experience with international companies is proving to be a considerable asset to the Company.

Report on Drilling

The Forestel Zone assays are still being received and are in the process of being compiled. They will be released along with the Sigma and Sixteen zones results very shortly. The Parallel Zone is still awaiting assay results on four holes which will be reported on separately. Drilling on the Triangle Zone will commence shortly and will be announced via a subsequent news release.

Assay Lab Results

Assays are being received weekly from the assay lab in Val d'Or and a second assay lab in Vancouver recently commissioned to process Company core samples. As reported earlier, core from historic drilling has been re-logged and assayed at the same time as conducting an 8000 meter diamond drill program begun in early November, which has been extended into January. The assay back log has abated with turnaround times expected to be two to three weeks by middle to late February.

Relocation of Offices

The Company has moved to:  

#202 200 Granville Square,

Vancouver, BC, V6C 1S4

Telephone:             604-629-0891

Fax: 604-229-1055

Email: jdejong@integragold.com

Incentive Option Update

The Company also announces the incentive option price announced on January 24, 2011, has been corrected and is now set above the price of closing on the date of issue therefore will be eighty five cents ($0.85) with no discount.

NI 43-101 Report Update

Management is pleased to report that Geologica Groupe-Conseil Inc., is compiling data for the NI 43-101 report expected by early March 2011. This report will encompass all of the work completed since 2004, including new zones, provide a new resource estimate, and make recommendations relating to future exploration, pre-feasibility and pre-production.

PDAC/Cambridge House

The Company wishes to thank all of its investors and interested persons who took time to meet Company management and directors at the recent Vancouver Investment Conference. There was considerable interest shown in the Lamaque project as well as a number of enquiries and requests received from significant Canadian and international financial and resource institutions.

The Company will be featured at the PDAC conference in Toronto at the Geologica Groupe-Conseil Inc., booth where geological information will be available and investors can meet with management, geologists and directors directly.

Website

The Company's new website can now be found at www.integragold.com. Upgrading the site and information is ongoing with a completion target date set for mid-February.

Lamaque Gold Project

The Lamaque property is in the Val d'Or Gold Camp immediately adjacent to both the Sigma and Lamaque mines, which together have produced approximately 9 million ounces of gold. The current inferred gold resource at Lamaque property is 375,375 gold ounces (1,238,308 tonne at 9.43 g/t gold) according to Watts, Griffis and McOuat 43-101 report. (Sedar October 20, 2004). The current gold mineralized vein-system, indicated through drilling, is speared over an area that is 4,000m in strike length, 2900m wide and open at depth.

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

BLACK PEARL - ANALYS

Black Pearl: Canaccord höjer riktkursen 2011-01-28 13:37 

Canaccord Genuity höjer riktkursen på Black Pearl till 7 kanadadollar från tidigare 6,50. 

INTEGRA GOLD

Därför är Integra Gold intressant..

2011-01-28 12:51 av Kalles farsa

Profilen "stromstrom" har lite funderingar över optionsprogrammet i Integra Gold, och man kan väl bara krasst konstatera att dylika program är legio i dom flesta börsnoterade bolag, särskilt i Usa och Kanada..Inget anmärkningsvärt eller konstigt med det..Vi små får ofta stå ut med utspädning i våra aktier till förmån för dom stora samt ledningen..

Nu till det som är intressant i att äga Integra Gold..Surfade runt lite på nätet häromdan, och det hör till arbetet som trader att söka av nätet efter information..Enligt President and Senior Analyst Ian Gordon, på den Kanadensiska analysfirman Longwave Group som ligger i delstaten British Colombia så är det några viktiga saker man ska titta på när man ska köpa aktier i s.k Junior Exploration Companies inom guldbranschen..T.ex Integra Gold...

1. Man ska investera i juniorer som har  licenser i redan befintliga gruvor eller i dess omedelbara närhet och som har haft produktion under många år, eftersom det sannolikt finns mer att hämta till minsta möjliga risk -Citat : " investors should try to focus on companies that have land positions around existing or former mines, under the theory that this is probably where more gold can be found at the lowest risk = Integra Gold som med Lamaque som har haft över 60 års produktion och all infrastruktur på plats :) Gott så..

2. Han säger också att man ska leta efter juniorer där ett större producerande bolag har en minoritetspost i juniorbolaget - Ett tecken på att verksamheten ser lovande ut - Citat : "He also advises seeking out juniors with minority stakes held by senior producers, a sign that deposits are promising" =  Shandongs 17% i Integra Gold :) Gott så..

3. Han säger också att det är köpläge i en junior när en fond börjar intressera sig för ett projekt - Citat : "Another indication of a worthwhile buy is when top performing gold fund managers take a liking to a company" = Inte där än för Integra Gold..Det kan komma relativt snabbt efter en ev lyckad reservuppdatering i början av mars :) Kanske snart gott så..


Vidare i textens så säger han såhär : "If a major producer buys into a small exploration company, it's a good sign that the junior is onto something. Under securities law in Canada companies have to publicly divulge their holdings once they exceed 10 per cent of the stock"

 Look for what the big companies are doing..Follow the leaders..The theory that economic deposits are most often found near previous exploration successes..Det mesta han säger stämmer in på Integra Gold till 100%..Det är precis som i många länder att dom större fonderna inte får köpa in sig i bolag vars aktiekurs understiger 1,0 CAD, som fallet är i både USA och Kanada..Om reservuppdateringen blir bra, så kanske v får se någon fond  eller två som visar sitt brinnande intresse för Integra Gold och då stämmer även punkt 3 in helt perfekt ;)

Det har varit lite säljtryck i Integra Gold senaste dagarna och den stannade igår på 0.74 CAD..Utmärkt köpläge alltså för den hugade som kan utstå den trots allt, höga risken i bolaget..Avslutningsvis så säger Ian Gordon precis det som en fastighetsmäklare alltid säger när man frågar vad det är som säljer fastigheten : Läget, läget och läget..

Location, location, location och Lamague ligger på gräddhyllan i den lilla guldstaden Val dO´r ..

Kika gärna på BlackPearls update som kom igår..Exitproduktion 2010 på + 8000 baljor, ökade 2P reserver, EX Blackrod, och det är bara att ligga lång och fortsätta att njuta av färden uppåt. Om inget oförutsett händer så ser jag 55-60 SEK inom 12 månader, och man måste köpa en större plånbok, igen :O)

Kalles farsa

Black Pearl

Årshögsta och Alltime High.. Det tackar och bockar vi för. Pärlan går från klarhet till klarhet. Före reservuppdateringarna så trycktes kursen ner av större aktörer. Canadadollarn har sjunkit mot den svenska kronan och det har och påverkar fortfarande kursen, men som vanligt Pärlan fortsätter att tuffa på. Det var inga större nyheter eller förändringar mot marknadens förväntningar men den tuffar på ändå.

Uppenbart är att Black Pearl inte är någon vanlig aktie. Dom flesta som läst om Pärlan har fått klart för sig att VD J Festival har bestämt sig för att bygga upp ett värdefullt bolag som ingen på sikt kan motstå att köpa för stora pengar. Det blev tydligt när Festival bevistade Sverige. Han sa enligt en första hands källa "när vi säljer" inte om vi säljer. Så gör som alla anda håll hårt i era aktier eller trada i dem när de skjuter i höjden, sälj och vänta tills den sjunker och köp tillbaka. Det kan ge pengar på sikt men risken med detta är att man sitter med svarte petter om kursen fortsätter att stiga.

NYHETER BLACK PEARL

JAN 27, 2011 - 16:43 ET  BlackPearl Announces 2010 Year-End Reserves and Resource Estimates and Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Jan. 27, 2011) - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX)(FIRST NORTH:PXXS) is pleased to announce the results of its 2010 year-end oil and gas reserves evaluation, contingent resource evaluation and to provide an operations update on the Company's current activities. Highlights include: Total proved and probable reserves of 24.8 million barrels of oil equivalent; Reserve additions of 7.7 million barrels for the year, offset by 4 million barrels of property dispositions and production of 2.5 million barrels. Reserves are not yet recognized on the Blackrod property; Over 98% of reserves are heavy oil; 739 million barrels of contingent resources (best estimate) on our 3 core properties; Q4 production of 7,308 boe/day; year-end production in excess of 8,000 boe/day. Oil and Gas Reserves The following tables summarize certain information contained in the independent reserves report prepared by Sproule Associates Unconventional Limited ("Sproule") as of December 31, 2010. The report was prepared in accordance with definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Additional reserve information as required under NI 51-101 will be included in the Company's Annual Information Form which will be filed on SEDAR by March 31. John Festival, President of BlackPearl, commenting on the new reserves evaluation indicated that "we had a good year adding to our proved and probable reserves in 2010; however, the bigger issue for BlackPearl was the recognition of contingent resource on our core areas of Blackrod, Onion Lake and Mooney. Our objective over the next few years is to get these barrels reclassified from the resource category to reserves. Our activities resulted in over 7.5 million barrels of reserve additions for the year, at a cost of about $15 per barrel. The sale of non-core properties reduced our reserves by 4 million barrels but the proceeds from these dispositions will be re-invested in our core areas." Summary of Oil and Gas Reserves – Forecasted Prices and Costs   (Company interest, before royalties) Oil&NGL Reserves Natural Gas Reserves 2010 BOE (1) 2009 BOE (1)   (Mbbls) (MMcf) (Mboe) (Mboe)           Proved developed producing 4,459 1,846 4,767 3,482 Proved developed non-producing 360 13 363 1,080 Proved undeveloped 6,527 310 6,578 7,013 Total proved 11,346 2,169 11,708 11,573 Probable 12,912 1,307 13,130 12,071 Total proved plus probable 24,258 3,476 24,838 23,645 Notes: (1) BOE's may be misleading, particularly if used in isolation. In accordance with NI 51-101, a BOE conversion ratio of 6 Mcf: 1barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Net Present Value of Reserves – Forecasted Prices and Costs     Net Present Values of Before Tax Future Net Revenue Discounted at   0% 5% 8% 10% 12% 15% 20% ($000's) Proved                 Developed producing 173,864 163,756 158,387 155,058 151,909 147,495 140,858   Developed non-producing 7,812 6,668 6,093 5,747 5,429 4,995 4,371   Undeveloped 157,468 130,379 117,259 109,511 102,439 92,919 79,422 Total proved 339,145 300,803 281,739 270,317 259,778 245,409 224,652 Probable 397,635 278,904 234,469 211,170 191,516 167,172 136,221 Total proved plus probable 736,780 579,707 516,209 481,487 451,293 412,581 360,873                   Net Present Values of After Tax Future Net Revenue Discounted at   0% 5% 8% 10% 12% 15% 20% ($000's) Proved                 Developed producing 173,864 163,756 158,387 155,058 151,909 147,495 140,858   Developed non-producing 7,812 6,668 6,093 5,747 5,429 4,995 4,371   Undeveloped 149,517 123,479 110,900 103,481 96,701 87,614 74,728 Total proved 331,194 293,903 275,380 264,286 254,037 240,104 219,958 Probable 306,959 213,017 177,803 159,357 143,887 124,629 100,351 Total proved plus probable 638,152 506,920 453,183 423,643 397,845 364,732 320,308 Notes: Columns may not add due to rounding Reconciliation of Changes in Reserves The following table summarizes the changes in the Company's share of oil and natural gas reserves (before royalties) from December 31, 2009 to December 31, 2010.   Oil & NGLs Natural gas BOE   Proved Probable Total Proved Probable Total Total   (Mbbls) (Mbbls) (Mbbls) (MMcf) (MMcf) (MMcf) (Mboe) Balance, Dec 31, 2009 10,754 11,795 22,549 4,914 1,659 6,573 23,645   Production (2,327) - (2,327) (1,261) - (1,261) (2,537)   Extensions 3,242 1,624 4,866 36 10 46 4,874   Technical revisions 1,841 42 1,883 773 407 1,181 2,080   Improved recovery 128 31 159 - - - 159   Acquisitions 154 253 407 43 15 58 417   Dispositions (2,489) (944) (3,434) (2,327) (782) (3,110) (3,952)   Economic factors 42 113 155 (8) (2) (10) 153 Balance, Dec 31, 2010 11,347 12,912 24,259 2,170 1,307 3,477 24,838 The pricing assumptions used in the Sproule evaluation are summarized below. Pricing Assumptions – Forecast Prices and Costs   Year WTI Cushing 40° API Edmonton Par Price 40° API Western Canadian Select 20.5° API Alberta AECO-C Spot Inflation rate Exchange rate   (US$/bbl) (CDN$/bbl) (CDN$/bbl) (CDN$/MMBtu) (%/yr) (US$/Cdn$) 2011 88.40 93.08 80.04 4.04 1.5 .932 2012 89.14 93.85 80.71 4.66 1.5 .932 2013 88.77 93.43 78.48 4.99 1.5 .932 2014 88.88 93.54 76.70 6.58 1.5 .932 2015 90.22 94.95 77.86 6.69 1.5 .932 2016 91.57 96.38 79.03 6.80 1.5 .932 2017 92.94 97.84 80.23 6.91 1.5 .932 2018 94.34 99.32 81.44 7.02 1.5 .932 2019 95.75 100.81 82.67 7.14 1.5 .932 2020 97.19 102.34 83.92 7.26 1.5 .932 Escalation rate of 1.5% thereafter Notes: (1)   The pricing assumptions were provided by Sproule Associates Unconventional Limited (2)   None of the Company's future production is subject to a fixed or contractually committed price. On a net present value basis (10% discount, before tax), approximately 64% of the value of reserves were attributable to the Onion Lake area and 31% was attributable to the Mooney area. No reserves were assigned to the Blackrod project. Definitions: (a) "Proved" reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. (b) "Probable" reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves. (c) "Developed" reserves are those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (e.g. when compared to the cost of drilling a well) to put the reserves on production. (d) "Developed Producing" reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty. (e) "Developed Non-Producing" reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of resumption of production is unknown. (f) "Undeveloped" reserves are those reserves expected to be recovered from know accumulations where a significant expenditure (for example, when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned. (g) The Net Present Value (NPV) is based on Sproule Forecast Pricing and costs. The estimated NPV does not necessarily represent the fair market value of our reserves. There is no assurance that forecast prices and costs assumed in the Sproule evaluations will be attained, and variances could be material. Contingent Resources The following tables summarize certain information contained in the contingent resource evaluations prepared by Sproule as of December 31, 2010. The reports were independently prepared in accordance with definitions, standards and procedures contained in the COGE Handbook. It should not be assumed that the estimates of recovery, production, and net revenue presented in the tables below represent the fair market value of the Company's contingent resources. There is no assurance that the forecast prices and cost assumptions will be realized and variances could be material. The recovery and production estimates of the Company's contingent resources provided herein are only estimates and there is no guarantee that the estimated contingent resources will be recovered or produced. Actual contingent resources may be greater than or less than the estimates provided here. The contingencies which currently prevent the classification of these contingent resources as reserves consist of further delineation drilling, regulatory applications, preparation of firm development plans and corporate approvals to proceed with development. Once all regulatory and corporate approvals are received and any other contingencies are removed, the resources may then be reclassified as reserves. There is no certainty that it will be commercially viable for the Company to produce any portion of the contingent resources on any of its properties. Summary of Best Estimate (P50) Contingent Resource – By Property (1)(3)   Project Gross(2) Heavy Oil// Bitumen Net Present Values of Before Tax Future Net Revenue as of December 31, 2010 Contingent Resources – Best Estimate Discounted at     0% 5% 8% 10% 12% 15% 20%   (MMboe) ($million)                   Blackrod 619 14,882 5,041 2,854 2,011 1,447 912 453 Onion Lake 80 3,307 1,551 1,044 817 647 465 276 Mooney 40 998 474 325 257 205 148 87 Total 739 19,187 7,066 4,223 3,085 2,299 1,525 816 Project Gross(2) Heavy Oil// Bitumen Net Present Values of After Tax Future Net Revenue as of December 31, 2010 Contingent Resources – Best Estimate Discounted at     0% 5% 8% 10% 12% 15% 20%   (MMboe) ($million)                   Blackrod 619 11,132 3,700 2,065 1,438 1,020 627 294 Onion Lake 80 2,414 1,117 742 574 449 314 173 Mooney 40 749 352 239 188 148 105 59 Total 739 14,295 5,169 3,046 2,200 1,617 1,046 526 Notes: (1)   These volumes are arithmetic sums of multiple estimates of contingent resources, which statistical principles indicate may be misleading as to volumes that may actually be recovered. Readers should give attention to the estimates of individual classes of resources and appreciate the differing probabilities of recovery associated with each class as explained. (2)   Contingent Resources are defined in the COGE Handbook as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. It is also appropriate to classify as Contingent Resources the estimated discovered recoverable quantities associated with a project in the early evaluation stage. (3)   Best estimate (P50) is a classification of estimated resources described in the COGE Handbook as being considered to be the best estimate of the quantity that will be actually recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50% probability that the quantities actually recovered will equal or exceed the best estimate. (4)   The estimates of contingent resources (best estimate) and future net revenue for individual properties may not reflect the same confidence levels as estimates of contingent resources (best estimate) and future net revenues for all properties, due to the effects of aggregation. (5)   "Gross" means the Company's working interest share in the contingent resources of bitumen and heavy oil before deducting royalties. The Company has a 100% working interest at Blackrod and Mooney, and a 87.5% working interest at Onion Lake. (6)   The amounts included in these tables do not include the volume and value of BlackPearl's proved and probable reserves previously assigned by Sproule to these properties. Operations Update BlackPearl's Q4 2010 oil and gas sales volumes were 7,308 boe per day, which represents a 10% increase over Q3 2010 volumes and a 38% increase over Q4 sales in 2009. BlackPearl's production averaged 6,951 boe/day in 2010, a 32% increase over 2009.Our 2010 year-end exit production was in excess of 8,000 barrels per day. The increase in production is attributable to development drilling at Onion Lake, where we drilled 22 wells in the last half of the year. We continue to expect to reach production levels of 11,000 – 13,000 barrels of oil per day by the end of 2011; however, first quarter 2011 production will be impacted by the recent sale of the Salt Lake property, conversion of some of the wells at Mooney from producers to polymer injectors and potentially reduced shipments as a result of temporary pipeline restrictions introduced by pipeline operators. We currently have one rig drilling development wells at Onion Lake and an additional rig at Blackrod drilling delineation wells to support our commercial development application expected to be filed in early 2012. We have a very active drilling program at Onion Lake planned for 2011 and we are planning to add one or two additional rigs in the near future to ensure we can complete the program as planned. Facility construction is continuing on the Blackrod SAGD pilot and the Mooney polymer flood project. Construction on both of these projects is expected to be completed in April. Other The Company is planning to release its 2010 year-end financial and operating results on February 28, 2011. Forward-Looking Statements Certain of the statements made and information contained herein is forward-looking statements and forward looking information (collectively referred to as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historic fact are forward-looking statements. Forward-looking statements are typically identified by such words as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "potential", "targeting", "intend", "could", "might", "should", "believe" or similar words suggesting future events or future performance. In addition, statements relating to "reserves" or "resources", "contingent resource" are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resource described exist in the quantities predicted or estimated and can be profitably produced in the future. In particular, this document contains forward-looking statements pertaining to, and which rely on assumptions as to, without limitation, the volumes and estimated value of BlackPearl's proved and probable reserves, the volumes and estimated value of BlackPearl's contingent resource of bitumen and heavy oil, forecasted production levels, future oil and gas prices, future taxes payable, capital expenditure programs and operating costs. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although we believe that the expectations conveyed by the forward-looking statements are reasonable based on information available to us on the date such forward-looking statements were made, there can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to the Company and its shareholders. Forward-looking statements are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company, including, without limitation, information and assumptions concerning anticipated financial performance, business prospects, strategies, regulatory developments, future commodity prices, future production levels, the ability to obtain equipment in a timely manner to carry out development activities, the ability to market oil and natural gas successfully to current and new customers, the impact of increasing competition, the ability to obtain financing on acceptable terms, and the ability to add production and reserves through development and exploration activities. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. The Corporation does not undertake any obligation, except as required by applicable securities legislation, to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. BlackPearl's Certified Advisor on First North is E. Öhman J:or Fondkommission AB. Company Registration Number: 409596-1 FOR FURTHER INFORMATION PLEASE CONTACT: BlackPearl Resources Inc. John Festival President and Chief Executive Officer (403) 215-8313 john.festival@pxx.ca or BlackPearl Resources Inc. Don Cook Chief Financial Officer (403) 215-8313 (403) 265-8324 (FAX) don.cook@pxx.ca www.blackpearlresources.ca