Spyglass Resources Corp.
SGLRF
Other OTC0.00
USD
- -
- -
ISIN
CA8521931011
CUSIP
852193101
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-90.00
76.60
5Y
-99.29
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Daniel James O'Byrne
- Full Time Employees
- 195
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Livingston Place Calgary AB Canada T2P 0C1
- IPO Date
- Jul 10, 2009
- Website
- spyglassresources.com
- Similar Companies
- Business
- Spyglass Resources Corp. is an intermediate oil and gas company engaged in the exploration, development, and production of oil and natural gas properties. The company operates primarily in the Western Canadian Sedimentary Basin, with core assets located in Alberta, Saskatchewan, and British Columbia. Key properties include Dixonville in northwest Alberta, Enchant, Retlaw, and Matziwin in southern Alberta, Halkirk-Provost in east-central Alberta, and Noel in northeast British Columbia. Spyglass’s production derives from various formations including Montney C light oil pool at Dixonville, multiple gas-bearing formations such as Cadotte, Falher, and Cadomin, and oil-producing zones including Banff, Pekisko, Mannville, and Milk River. The company holds a substantial land inventory totaling over 545,900 gross acres (390,330 net acres). Its operations encompass managing producing wells, water injectors, and associated infrastructure for hydrocarbon extraction. Founded in 2004 and headquartered in Calgary, Canada, Spyglass Resources has historically focused on efficient resource development and optimization programs including horizontal drilling techniques, particularly in the Montney formation. Recent operational activities have involved property dispositions as part of financial restructuring efforts, including the sale of a 50 percent working interest in the Dixonville field alongside efforts to reduce net debt and operational costs. The company filed for receivership in late 2015 due to financial challenges, indicating significant operational and financial restructuring. There is no publicly disclosed information on recent new acquisitions, partnerships, or product launches post-receivership filings, indicating a focus on debt management and asset divestiture over expansion in the last few years. Spyglass targets markets primarily within the Canadian oil and gas sector, serving as a producer within regional upstream energy segments. The company’s product profile includes crude oil and natural gas produced from various geological formations in Western Canada. Spyglass Resources operates under a business model typical of intermediate exploration and production companies, emphasizing development optimization, land asset management, and strategic resource divestments within the energy industry. The company’s structure includes several subsidiaries managing individual property operations, with a significant staff count historically around 195 employees. The amalgamation in 2013 with Charger Energy Corp. and AvenEx Energy Corp. led to the current corporate structure and name change from Pace Oil & Gas Ltd. Despite the past operational and financial difficulties, Spyglass remains active in the oil and gas resource sector under receivership management. Its ongoing strategic focus involves maintaining core oil and natural gas production assets in the Western Canadian Sedimentary Basin. Spyglass Resources Corp. thus presents as a Calgary-based intermediate oil and gas exploration and production company with a clear focus on regional resources in Western Canada, managing a portfolio of producing assets, implementing drilling and optimization programs, and recently undergoing financial realignment through asset sales and receivership processes.