Spyglass Resources Corp. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, total production was 9,849 boe/d against 14,474 a year ago.
For the six months, total production was 10,451 boe/d.

For the quarter, total revenue was CAD 33.35 per boe against CAD 57.95 per boe a year ago. Funds flow from operations was CAD 11,423,000 against CAD 19,043,000 a year ago. Funds flow from operations per share was CAD 0.09 against CAD 0.15 a year ago. Net loss was CAD 98,753,000 against net income of CAD 815,000 a year ago. Net loss per share was CAD 0.77 against net income of CAD 0.01 a year ago. Capital expenditures was CAD 2,343,000 against CAD 15,402,000 a year ago. The increase in net loss is primarily due to impairments of CAD 91.2 million being recognized in the second quarter of 2015, driven by changes to management's future development plans and decreased commodity prices.

For the six months, total revenue was CAD 30.46 per boe. Funds flow from operations was CAD 16,261,000. Funds flow from operations per share was CAD 0.13. Net income was CAD 178,716,000. Net loss per share was CAD 1.40. Capital expenditures was CAD 7,919,000. Net debt was CAD 184,478,000 against CAD 270,828,000 a year ago.