Spyglass Resources Corp. provided capital budget guidance for the year 2015. For the year, the company anticipates the capital program will total approximately $26 million, reflecting the cash flow impact of the current price environment.

The 2015 capital program is focused on southern Alberta and will lay the groundwork for future organic growth in the area. Drilling is focused on offsetting locations to both Spyglass' and other industry producer's successful 2014 wells. Over the long term the development of the Company's southern Alberta properties is intended to improve netbacks and grow production.

Capital activity is expected to be weighted towards the first and third quarters of 2015 and will be rigorously evaluated throughout the year in the context of commodity prices. The company anticipates that the planned level of development activity coupled with the company's 21% base decline rate is expected to result in 2015 average production of approximately 10,000 boe/d.