Spyglass Resources Corp SGLRF

news

[Azzenmcelbow]

All values are in Canadian dollars unless otherwise indicated. Conversion of
natural gas volumes to barrels of oil equivalent (boe) are at 6:1.

https://spyglassresources.mediaroom.com/index.php?s=2429&item=122566

All values are in Canadian dollars unless otherwise indicated. Conversion of
natural gas volumes to barrels of oil equivalent (boe) are at 6:1.
news.

As a result of the sustained decline in commodity prices, Spyglass has revised
its 2015 capital budget to $8 million from the previously announced $26
million. This reduced program is based on an average 2015 WTI price of
approximately US$50 per barrel and will focus primarily on maintenance capital
initiatives with the majority of drilling projects deferred until commodity
prices improve.

The Company is revising production guidance to 9,000 boe/d as compared to
10,000 boe/d announced previously, incorporating the reduced capital program
and uneconomic shut-in production. Spyglass is implementing cost reductions
necessary to manage through this challenging commodity price environment,
while focusing on holding debt near current levels.
As a result of the sustained decline in commodity prices, Spyglass has revised
its 2015 capital budget to $8 million from the previously announced $26
million. This reduced program is based on an average 2015 WTI price of
approximately US$50 per barrel and will focus primarily on maintenance capital
initiatives with the majority of drilling projects deferred until commodity
prices improve.

The Company is revising production guidance to 9,000 boe/d as compared to
10,000 boe/d announced previously, incorporating the reduced capital program
and uneconomic shut-in production. Spyglass is implementing cost reductions
necessary to manage through this challenging commodity price environment,
while focusing on holding debt near current levels.

[darkstream]

not much else they can do -hope market sees it that way

[eusdond]

At the PPS that the market is willing to pay, I think We know how they see it___ I practically begged folks not to approve the merger with this management team at the helm___ Their past history should have alerted everyone as to what they were... The only way they could pay a dividend and their enormous salaries/benefits was by selling assets and that was with oil at 100 dollars a barrell___ They

[aandeel]

IT IS. AND WAS ALWAYS A SELF SERVING SCAM.WITH A INCOMPENTENT MANAGEMENT.THANKS ON BEHALVE OF SHAREHOLDERS.BAST>>>>.