Canadian Spirit Resources Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- CEO
- William Cameron McDonald
- Full Time Employees
- 9
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 140 4th Avenue S.W. Calgary AB Canada T2P 3N3
- IPO Date
- Jun 26, 2001
- Website
- csri.ca
- Similar Companies
- Business
- Canadian Spirit Resources Inc. is a Canada-based natural resources company focused on the exploration and production of unconventional natural gas and natural gas liquids in the Montney Formation, primarily in the Farrell Creek and South Altares areas of northeastern British Columbia. The company holds significant land positions strategically located along pipeline infrastructure supporting liquefied natural gas facilities on British Columbia's West Coast; it produces and supplies natural gas through pipelines to target energy markets in North America. Founded in 1987 and headquartered at 900, 140 - 4th Avenue SW, Calgary, Alberta, the company operates as a subsidiary of Elmag Investment Inc. with approximately nine employees. Core activities encompass identifying, developing, and reactivating natural gas wells and processing facilities in the Montney resource play, one of Western Canada's most developed reservoirs; recent net production prior to shut-in averaged 629 thousand cubic feet per day from joint venture operations. The company pursues strategic alternatives through Sayer Energy Advisors to maximize asset value, including potential mergers, farm-ins, joint ventures, or sales. In June 2024, Canadian Spirit Resources completed the sale of approximately 10,350 net acres of undeveloped Montney lands in the Farrell Creek and Attachie areas for gross proceeds of $5.0 million, with an effective date of March 1, 2024, as part of its ongoing strategic review process. In May 2024, the company shut-in production at Farrell Creek/South Altares due to negative netbacks from low natural gas prices and regional discounts, planning reactivation upon market improvement. Recent developments include the appointment of a new Chief Financial Officer in February 2025 and board and management changes in January 2025.
Canadian Spirit Resources (OTCMKTS:CSPUF) Stock Crosses Below 200-Day Moving Average – Here’s Why
Canadian Spirit Resources Inc. Announces Appointment of CFO
Canadian Spirit Resources Inc. Announces First Quarter September 30, 2024 Filings
Canadian Spirit Resources Inc. Announces June 30, 2024 Year End Filings
Canadian Spirit Resources Inc. Announces Third Quarter March 31, 2024 Financial Results
Canadian Spirit Resources Inc. Announces The Second Quarter December 31, 2023 Financial Results
Canadian Spirit Resources Inc. Announces the Reactivation of Natural Gas Production at Farrell Creek, Northeast British Columbia, and the First Quarter September 30, 2023 Financial Results
Canadian Spirit Resources Inc. Announces June 30, 2023 Year End Financial Results
Canadian Spirit Resources Inc. Announces Operational Update and Grant of Options
Canadian Spirit Resources Inc. Announces Second Quarter 2021 Financial Results
Canadian Spirit Resources Inc. Announces First Quarter 2021 Financial Results
Canadian Spirit Resources Inc. Announces Year End 2020 Financial Results and Exercise of Warrants
Canadian Spirit Resources Inc. Announces Third Quarter 2020 Financial Results and Grant of Stock Option