BlackPearl Resources (PXX) has notable insider buying

BlackPearl Resources (T:PXX)

Brian Douglas Edgar, a Director, acquired 250,000 Common Shares on a direct ownership basis at prices ranging from $1.460 and $1.470 through the public market on May 7th, 2018. This represents a $366,111 investment into the company's shares and an account share holdings change of 44.5%.

BlackPearl Resources Inc is a Canda-based oil and natural gas company, which is engaged in the business of oil and gas exploration, development and production in North America. Its primary focus is on heavy oil and oil sands projects in Western Canada. Its core properties include Onion Lake, Saskatchewan, which is a conventional heavy oil property, as well as a thermal enhanced oil recovery project; Mooney, Alberta, which is a conventional heavy oil property using horizontal drilling and alkali, surfactant, polymer flooding, and Blackrod, Alberta, which is a bitumen property located in the Athabasca oil sands region using the Steam Assisted Gravity Drainage recovery process. It holds working interests, ranging from 50% to 100%, in approximately 12.5 net sections of land (8,094 net acres) located in the Onion Lake area of Saskatchewan. It has ongoing operations and production in other areas of Alberta and Saskatchewan, including Reita Lake, Portage, Fishing Lake, Salt Lake and Unity.