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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
NS On Other Exchanges
Symbol
Exchange
Venture
As of 11:32 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

northern spirit resources in (NS) Snapshot

Open
C$0.04
Previous Close
C$0.04
Day High
C$0.04
Day Low
C$0.04
52 Week High
07/16/14 - C$0.13
52 Week Low
12/15/14 - C$0.03
Market Cap
14.1M
Average Volume 10 Days
13.7K
EPS TTM
C$-0.0040
Shares Outstanding
351.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NORTHERN SPIRIT RESOURCES IN (NS)

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northern spirit resources in (NS) Details

Northern Spirit Resources Inc. engages in the exploration, development, and production of oil and natural gas in the Western Canadian Basin. The company’s principal properties include the 100% owned Bowden, Wildmere, Klein, Cadogan, and Cactus properties. It owns 9,262 net acres of undeveloped land in East Central Alberta. Northern Spirit Resources Inc. is headquartered in Calgary, Canada.

northern spirit resources in (NS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$60.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$96.0K
Chief Operating Officer, Vice President of En...
Total Annual Compensation: C$110.8K
Vice President of Exploration
Total Annual Compensation: C$89.6K
Compensation as of Fiscal Year 2013.

northern spirit resources in (NS) Key Developments

Northern Spirit Resources Inc. Reports Earnings and Production Results for the Year Ended December 31, 2014

Northern Spirit Resources Inc. reported earnings and production results for the year ended December 31, 2014. For the period, the company reported revenue was $6.4 million, an increase of 188% from $2.2 million in 2013. Operating income was $4.5 million, an increase of 300% from $1.1 million in 2013. Net income was $3.6 million as compared to a net loss of $628,000 in 2013. For the period, the company drilled, completed and equipped 5 (3.75 net) horizontal Sparky oil wells in East Central Alberta at Provost. The company produced an average of 255 boe/d in 2014 (85% oil), a 109% increase from 122 boe/d (56% oil) in 2013. The company exited the year at 457 boe/d (91% oil). Operating (field) netbacks averaged $48.08/boe in 2014, an increase of 89% from $25.44/boe in 2013. Operating (field) netbacks for oil averaged $55.30/bbl in 2014, and increase of 11% from an average of $49.84 in 2013.

Northern Spirit Resources Inc. Announces Operations Update in East Central Alberta

Northern Spirit Resources Inc. announced that all 5 (3.8 net) of the horizontal wells drilled by the company in 2014 have been completed, equipped and commenced production in September 2014. The wells were drilled in East Central Alberta in the Provost area. Three wells were drilled at Klein North, one at Klein South and the fifth at Sounding Lake. The Klein wells are operated by Northern Spirit and the Sounding Lake well is operated by an industry partner. The company estimated that the production rate over the month of October 2014, including from the 5 (3.8 net) horizontal wells recently drilled by the Company, averaged 490 BOE/d (net) (93% oil) representing a 230% increase in production from the June 30, 2014 Company production rate of 150 BOE/D (net) (90% oil). Northern Spirit is in the process of finalizing preparations for its 2015 drilling program. The drilling program is expected to include the construction of four drilling pads with multiple horizontal wells expected to be drilled from each pad. Three pads are expected be constructed at Wildmere and an additional pad at Klein North. Drilling is expected to commence in the first quarter of 2015.

Northern Spirit Resources Inc., Annual General Meeting, Dec 04, 2014

Northern Spirit Resources Inc., Annual General Meeting, Dec 04, 2014., at 10:00 US Mountain Standard Time. Location: offices of Burnet, Duckworth & Palmer. Agenda: To receive and consider the financial statements of the Corporation for the year ended December 31, 2013 and the auditors' reports thereon; to fix the number of directors to be elected at the Meeting at six (6) members; to consider and, if thought appropriate, to pass an ordinary resolution electing six (6) directors of the Corporation; to consider and, if thought appropriate, to pass an ordinary resolution appointing the auditors of the Corporation and authorizing the directors to fix their remuneration as such; to consider and if thought appropriate, to pass, with or without variation, an ordinary resolution approving the Corporation's share option plan; and to transact such further and other business as may properly come before the Meeting or any adjournment or adjournments thereof.

 

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