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Canadian Resource Company Logs Greater Cash Flow in 2021

Stockhouse Editorial
0 Comments| May 2, 2022

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Canadian Spirit Resources Inc. (TSX-V: SPI, Forum) is a natural resource company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry.

The company recently released its financial results for the three and twelve months ended December 31st, 2021:

Selected financial data:

(all amounts are presented in Canadian dollars)

Three months ended
December 31,
Twelve months ended
December 31,
2021 2020 2021 2020
Average sales volumes of natural gas (mcf/d) - - - -
Average sales price of natural gas ($/mcf) - - - -
Petroleum and natural gas sales $ - $ - $ - $ -
Operating netback $ 23,720 $ (6,199 ) $ (162,876 ) $ (204,767 )
Cash flow from operating activities $ (18,138 ) $ (59,345 ) $ (1,162,360 ) $ (795,351 )
Earnings (loss) and comprehensive loss $ (217,011 ) $ (346,185 ) $ (1,107,437 ) $ (1,978,122 )
- per share basic and diluted $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.01 )
Capital expenditures $ 342,891 $ 254,133 $ 508,041 $ 344,702

As at December 31,
2021 2020
Working capital $ 909,492 $ 464,264
Total assets $ 38,997,891 $ 39,132,048
Total debt $ - $ -
Shareholders' capital $ 36,649,592 $ 36,047,484
Number of common shares outstanding 248,177,583 228,177,583


For more, click here.

Canadian Spirit Resources is focused on the exploration and production of natural gas in the Montney Formation of Northeast British Columbia.



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