Spyglass Resources Corp SGLRF

RE:RE:RE:RE:RE:RE:RE:RE:RE:dividend announcement today or tomorrow??

[shambano1]

don't forget capex in q2 is not a big capex quarter, so maybe even with the produciton disruptions, they were able to cover dividend?  Just wondering here.

additionally, q3 may see  shut in produciton coming back up, adn new production from Noel well and Gluac well helping with CF.

If the glauc well can produciton 500-600 boe/d without restriction and 2 more glauc wells to be drilling fairly soon, then that won't hurt either.

I get the sense they are looking to JV the Noel property but unsure what the JV will look like, maybe royalty deal since this property  is a low risk NG resource with 85 future drills.  It should bring in soem serious cash which will go a long way to reducing debt.

additional 10 new viking wells starting drillign soon, can also help with stabalizing oil produciton in q3.

SP is still significantly under NAV, so they have value in the land, and reserves, but no confidence from the analysts community.

hard to call short term SP movements but I'm also long and biased so DYODD