Spyglass Resources Corp. - PrecisionIR
Spyglass Resources Corp. - PrecisionIR
Spyglass Resources Corp. - PrecisionIR
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Investment Highlights• Balanced, Dividend-Paying Producer• Cdn$0.0225 Monthly Cash Dividend• Proven Management Team with Track Record of Creating Shareholder Value• Sustainable Dividend-Paying Model• Target Dividend Payout of 25% to 30% of Cash Flow (90% to 100% All-In Payout)• Mature, Low Decline Producing Assets Coupled With Capital Efficient Light Oil DevelopmentPotential• Extensive Inventory of Low-risk, High-Return Drilling Opportunities• Well Positioned With Strong Financial Flexibility• ~$107 Million Undrawn Bank Line• Proceeds From Planned DRIP Program Could Fund Modest Growth<strong>Spyglass</strong> <strong>Resources</strong> <strong>Corp</strong>.15