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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 earlybird_787on Nov 25, 2008 8:19am
521 Views
Post# 15608271

Q3/08 Financials & Operational Update

Q3/08 Financials & Operational Updatehttps://biz.yahoo.com/ccn/081125/200811250499291001.html?.v=1


The report does not contain any surprises and it also confirms my view that SPI is in excellent financial condition. The last two paragraphs of the Press Release (shown below) summarize the strength of the company.

"CSRI is well funded with $12.0 million of working capital ($0.25 pershare) and has minimal current capital requirements associated with theFarrell Creek projects. This will enable the Company to advance theevaluation of its large significant land base without raisingadditional equity capital in a difficult capital market environment.Success in the Farrell Creek properties will ultimately result insignificant additional investment by the Company and its partners.

Inrecent months, the global financial environment has had an adverseeffect on capital markets and commodity prices. This has impacted theability of many companies to raise equity capital and may provide anincreased number of opportunities for well-capitalized companies. CSRImay investigate some of these opportunities".



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