Third quarter production will be modestly impacted by recent asset dispositions but we are confident that our planned second half activities will allow us to reach our 2010 exit production target of 8,000 - 8,500 boe/day." Property Review Blackrod SAGD Project BlackPearl owns 100% of the Blackrod property as a result of acquiring, earlier this year, the 20% working interest held by Serrano Energy Ltd. We are waiting on regulatory approvals before we commence construction of the facilities for the single well pair SAGD pilot. These approvals are expected later this year.