Canadian Spirit Resources Inc V.SPI

Alternate Symbol(s): CSPUF

Energy Oil & Gas E&P

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

Canadian Spirit Resources Inc

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Post by urekaon May 30, 2014 11:24am

147 Views

Post# 22614758

Financials Out

A few extraordinary items this Q so loss of 2.5 million is alot higher than normal.
They did get a good buck for their production so real loss is down to around 230,000.
They need to either increase production or a higher ng price to break even.

JMHO

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