09:49 AM EST - BlackPearl Resources Inc. : Announced the renewal of its credit facilities and provide initial 2016 guidance for the Company. The company’s credit facilities were renewed, with the borrowing base maintained at $150 million. The 2016 capital budget was set at $15 million, reflecting the current low oil price environment. Excess cash flow will be used to repay debt. Current debt of $92 million is expected to be reduced to $70-$75 million during 2016. BlackPearl Resources Inc.
shares T.PXX are trading down $0.01 at $0.65.
