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Canadian Spirit Resources Inc. (V:SPI)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 900, 140 4th Avenue SW
Tel: N/A
IR: See website
Key People
Louisa DeCarlo
Chairman of the Board, President, Chief Executive Officer
Carrie Yuill
Chief Financial Officer, Vice President - Finance
Paul A. Smolarchuk
Vice President - Engineering & Operations
Jeffrey E. Dyck
Company Secretary, Director
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 nine months ended 30 September 2020,Canadian Spirit Resources, Inc. revenues was not reported.Net loss increased 7% to C$1.6M. Higher net loss reflectsG/L on Sale of Tangible & Intangible FA decrease of 73% toC$14K (income), Interest decrease of 59% to C$9K (income).Basic Earnings per Share excluding Extraordinary Itemsremained flat at -C$0.01.
Employees: 9 as of Jan 1, 2012
Reporting Currency: Canadian Dollars
Enterprise value: $18.80M as of Sep 30, 2020
Annual revenue (TTM): $0.00M as of Sep 30, 2020
EBITDA (TTM): -$1.11M as of Sep 30, 2020
Net annual income (TTM): -$1.53M as of Sep 30, 2020
Free cash flow (TTM): -$1.11M as of Sep 30, 2020
Net Debt Last Fiscal Year: $0.01M as of Sep 30, 2020
Shares outstanding: 228,177,583 as of Dec 9, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization