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Canadian Spirit Resources Inc V.SPI

Alternate Symbol(s):  CSPUF

Canadian Spirit Resources Inc. is a Canada-based natural resource company. The Company is focused on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. The Montney is an oil and gas play in North America and has reservoirs in Western Canada. The Company's significant land base is strategically located along the pipeline infrastructure that delivers natural gas to the proposed liquefied natural gas (LNG) facilities on the West Coast of British Columbia. The Company is engaged in the exploration and production of natural gas in the Montney Formation of Northeast British Columbia.


TSXV:SPI - Post by User

Post by WPugeton Nov 20, 2006 1:40pm
308 Views
Post# 11714673

Update

Update I spoke with the company last week. I continue to be very bullish. I sense that the frac went well and that we will see a news release on it very soon. The pipline development is moving forward which will mean production and VALIDATION of the resource. Validation means it will no longer be a resource but will be a reserve. That is very, very significant. As I said in my previous post, this company is currently trading at a valuation of $0.05 per MCF. Once the resource gets upgraded to a reserve, the valuation will go up.....a lot. How much I don't know, but double digits is not an unrealistic. I know, you've heard it all before. All I'm saying is that it is still real and at present flying under most everyone's radar! Not for too much longer
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