Spyglass Resources Corp SGLRF

RE:NG Prices

[zagorsk]

      Good point QWQW ! 
      It is amazing that NG producers have let the price go for so long at 
      these money losing levels.   
          
      With regard to SGL why on earth are they contemplating spending 
     $5 million on drilling a gas well at NOEL that obviously will not generate 
     the cashflow that spending the money on drilling for oil on their high 
     return properties.   
            
     NOEL is a very very good gas prospect that will be valuable in the future 
     since it is low cost but why drill it now? Sell our good gas at rock bottom 
     prices, waste our precious CAPEX on no cash flow makes no sense at 
     all.  DEFER DRILLING FOR GAS UNTIL PRICES RECOVER I SAY.  Get 
     the extra cash flow drilling for oil will bring so the market will be assured 
     of the dividend and also give SGL more cash for drilling in future years.  
                  
     SOMEONE SHOULD WAKE THESE GUYS UP.