Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.

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Southern Pacific Resource Corp

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Comment by shleevoon Oct 11, 2012 5:14pm

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Post# 20475204

RE: RE: RE: RE: RE: RE: RE: News update

Shut in means just that, shut in. It can be both temporary or permanent. I asked the question because I believe this could be very material to STP. They have a plant already built and ready for steam production. It's just the steam wells that have to be re-drilled because they were poorly done.

They were planning on re-drilling Q4 2012 the wells pairs for a 10,000 bpd operation. It would be a quick, low cost operation to setup since the plant and production facilities are in place and operational. I presume all the focus has been on Mckay and once revenues start coming in, attention will shift to these other procjects.

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