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 > Scurvy be damned!!!

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Comment by oilcansamon May 09, 2014 9:12am

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Post# 22542771

RE:RE:Scurvy be damned!!!

One ICD at a time to limit costs. I truly don't understand this other than the decrease in current production from the shut in ,clean out of the well. Why would it cost more to do 5 wells at a mill a piece other than one well at a time at a mil a piece. Still equals 5 mil. It doesn't cost more to get 5 service rigs in at once and work on 5 wells then it does for one rig to work on 5 wells , one well at a time. I'm lost on this one. Can someone add to this concept. Most companies drill wells one at a time but if they have 100 wells to drill. They use as many rigs as they can get.
Wenknow icds work so put the damn things in. Now. Doesn't that make sence. Or maybe they don't want a potential buyer to see firsthand that failure can occur. Hmmmm

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