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 > Weekend homework!

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Post by Junit290on May 17, 2014 2:55pm

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Post# 22573178

Weekend homework!

Happy long weekend!

Question for all those who are better at financial math than me, given what we know about the current finances available to the company, if they spend the 18.8 million on Senlac and the 10 million on ICD's, how long would the company have before they ran out of money in the event nothing happened with production ramp up?

Am am I reading correctly that they lost 13 million on the quarter?

I am very bullish on the company, these are just questions that I cannot answer myself!

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