Dundee Capital Markets has issued an update to their Energy Watch List (click here for the update). They conclude that it's "Only a matter of time!" before Canadian Spirit Resources Inc. (SPI) achieves full commercialization of its joint venture Montney program.
- "The company has also announced the engineering of the planned 20 mmcf/day compression and dehydration facility has begun and is expeceted to be completed and in operation during the fourth quarter of 2010." This demonstrates the confidence that SPI and Canbriam Energy Inc. have in the potential commercialization of their Montney land.
- "Canadian Spirit is an up and coming Montney player with plenty of potential production and reserve growth to look forward to."
- Talisman Energy has land adjacent to SPI and has achieved significant success in the Montney and expects to be producing 40-60 mmcf/day by the end of 2010.
- Dundee concludes that the "planning and engineering of a 20 mmcf/day porcessing facility is a positive sign for things to come," and with the significant success by Talisman on adjacent lands, SPI is an emerging Montney player with plenty of upside.
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