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Canadian Spirit Resources Inc. (V:SPI)

Business Focus: Oil & Gas Exploration and Production

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Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 777 8 Ave SW Suite 1520
Tel: N/A
IR: See website
Key People
Business Overview
Canadian Spirit Resources Inc. is a natural resources company. The Company is focused on the exploration and development of opportunities in the unconventional natural gas resource sector of the energy industry. The Company operates through the exploration, development and production of petroleum and natural gas segment. The Company is engaged in the sale of petroleum and natural gas within Canada. Operating on its own working interest lands and together with its joint venture partner, the Company's principal activity is exploring and developing the productive capability of its Montney unconventional natural gas and natural gas liquids play in the Farrell Creek/Altares area of northeastern British Columbia. The Williston Reservoir Water Pipeline Project delivers approximately 10,000 cubic meter per day (m3/d) of fresh water from the Williston Reservoir to the Farrell Creek/Altares area in northeastern British Columbia.
Financial Overview
For the three months ended 31 March 2019, Canadian Spirit Resources, Inc. revenues decreased from C$91K to C$0K. Net loss decreased less than 1% to C$328K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions., offset by General and administrative increase of 23% to C$233K (expense), Finance expense increase of 76% to C$21K (expense).
Employees: 9 as of Jan 1, 2012
Reporting Currency: Canadian Dollars
Enterprise value: $8.85M as of Mar 31, 2019
Annual revenue (TTM): $0.02M as of Mar 31, 2019
EBITDA (TTM): -$1.11M as of Mar 31, 2019
Net annual income (TTM): -$7.36M as of Mar 31, 2019
Free cash flow (TTM): -$1.44M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 196,177,583 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization