August 31, 2016 5:51 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Spyglass Resources Corp.

Company Overview

Spyglass Resources Corp., an intermediate oil and gas company, operates oil and natural gas properties in the Western Canadian Sedimentary Basin. The company’s principal properties are located in Dixonville, Enchant, Retlaw, Matziwin, and Halkirk-Provost in Alberta; and Noel, British Columbia. As of December 31, 2014, it had proved plus probable reserves of 54,129 Mboe. The company was formerly known as Pace Oil & Gas Ltd. and changed its name to Spyglass Resources Corp. in March 2013, as result of its amalgamation with Charger Energy Corp. and AvenEx Energy Corp. Spyglass Resources Corp. is headquartered in Calgary, Canada. On November 26, 2015, syndicate of lenders filed an involuntary pet...

Livingston Place

West Tower 1700

2nd Street SW

Suite 250

Calgary, AB T2P 0C1

Canada

195 Employees

Phone:

403-303-8500

Fax:

403-264-0085

Key Executives for Spyglass Resources Corp.

Chief Executive Officer, President, Non-Independent Director and Member of Operations Reserves, Health Safety & Environment Committee
Age: 57
Total Annual Compensation: C$317.5K
Chief Financial Officer and Executive Vice President of Finance
Total Annual Compensation: C$275.0K
Executive Vice President of Corporate Development and Land
Total Annual Compensation: C$260.0K
Vice President of Engineering
Total Annual Compensation: C$225.0K
Vice President of Production and Operations
Total Annual Compensation: C$211.5K
Compensation as of Fiscal Year 2014.

Spyglass Resources Corp. Key Developments

Spyglass Resources Seeks Sale Of Assets

Spyglass Resources Corp. (OTCPK:SGLR.F) is seeking sale of assets. On January 25, 2016, the Alberta Court of Queen's Bench approved a process permitting Ernst & Young to sell the assets of Spyglass. On November 26, 2015, Alberta Court of Queen's Bench appointing Ernst & Young Inc. as receiver and manager of Spyglass Resources Corp. Ernst & Young is currently seeking parties interested in acquiring the assets of Spyglass. Bid deadline is on March 10, 2016.

TSX Determines Delisting Of Spyglass Resources

Further to TSX Bulletin 2015-1200 dated November 26, 2015, TSX has determined to delist the common shares of the Spyglass Resources Corp. at the close of business on December 31, 2015 for failure to meet the continued listing requirements of TSX. The common shares will remain suspended from trading.

Spyglass Resources Corp.(TSX:SGL) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Spyglass Resources Corp.(TSX:SGL) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

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