BlackPearl Resources Inc.



Onion Lake, Saskatchewan


KEY FACTS

Working Interest50% to 100%
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Land 10,856 net acres
2P Reserves 143 MMbbls
(Dec. 31, 2017)
Best Estimate Risk Adjusted Contingent Resources 24 MMbbls
(Dec. 31, 2017)
API 10 to 11° API
Recent Production 8,121 barrels per day
(Q4 2017)
Depth 650 metres
Formations Lower and Upper Cummings
Production Potential    14,000 - 20,000 bbls/d



Onion Lake is a conventional heavy crude oil property with thermal development on a portion of the lands. BlackPearl originally acquired its interest in Onion Lake when it acquired Pan-Global Energy Ltd. in 2006. BlackPearl holds working interests, ranging from 50% to 100%, in approximately 17 net sections of land (10,856 net acres) located in the Onion Lake area of Saskatchewan. BlackPearl is the operator of the field which is located on the Onion Lake Cree Nation reserve, along the Saskatchewan/Alberta border near Lloydminster. The geological formations of interest are the Cretaceous Lower Cummings and Upper Cummings at a depth of approximately 650 metres.  



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