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 > Bump coming - production increase substantial PROOF

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Comment by ShatnersRugon Apr 02, 2014 12:05pm

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Post# 22400497

RE:RE:Bump coming - production increase substantial PROOF

Just extrapolate the production increases thanks to ICD installation. For March, say ~800bbl/d for 2P1 vs. 371 pre-ICD, and 150-200 increase from 1P5 (It was at 190 last reported and NR stated that it was producing x2 fluid)

That's 600+ barrels more for McKay than February numbers. We know that no addition well were taken offline as the next ICD installation will begin in 2 weeks. Almost 4300 barrels + a conservative 600 leaves us at 4900 exit for March. Maybe even 5,000 if we take into account a fast-conforming 1P5 and upper reported levels for 2P1(700-900).

It's my hope that the company releases an operational update within the next couple of weeks.

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