Spyglass Resources Corp. Provides Monthly and for the Year 2013 and 2014 Dividend Guidance; Provides Earnings Guidance for the Year 2013 and 2014
The company provided dividends $26 million for the year 2013 and $35 million for the year 2014.
Spyglass provided earnings guidance for the year 2013 and 2014. For the year 2013, Spyglass expects exit production of 18,000 boe/d, average production of 16,000 boe/d, cash flow of $104 million, capital expenditures of $70 - $80 million.
For the year 2013, Spyglass expects average production of 18,000 boe/d and capital expenditures of $90 - $100 million.