December 25, 2014 6:39 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Charger Energy Corp

Company Overview

As of March 28, 2013, Charger Energy Corp was acquired by Spyglass Resources Corp. Charger Energy Corp. engages in the exploration, development, and production of crude oil and natural gas properties in western Canada. It has working interests in light oil and natural gas assets in the Halkirk-Provost and Ghost Pine areas of east central Alberta, as well as in the Peace River Arch area of north western Alberta. Charger Energy Corp. is headquartered in Calgary, Canada.

2500, 500 4th Avenue SW

Calgary, AB T2P 2V6

Canada

Phone:

403-457-1612

Fax:

403-457-1613

Key Executives for Charger Energy Corp

Charger Energy Corp does not have any Key Executives recorded.

Charger Energy Corp Key Developments

Spyglass Resources Corp. Provides Monthly and for the Year 2013 and 2014 Dividend Guidance; Provides Earnings Guidance for the Year 2013 and 2014

Charger Energy Corp, Pace Oil & Gas Ltd. and AvenEx Energy Corp. to form Spyglass Resources Corp. ('Spyglass'). Pace, AvenEx and Charger also announced that they have agreed to set the initial Spyglass monthly dividend at $0.0225 per share in order to solidify the sustainability of the Spyglass business model to reflect the current operating and commodity price environments. 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.

Charger Energy Announces Resignation of Mike Shaikh from Board of Directors

Pace Oil & Gas Ltd., AvenEx Energy Corp. and Charger Energy Corp. announced that they have amended certain terms of the previously disclosed arrangement agreement pursuant to which Pace, AvenEx and Charger agreed to amalgamate to form Spyglass Resources Corp. Charger announced that Mike Shaikh has resigned from the Charger board of directors, effective immediately.

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