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 > Senlac Potential Production

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Post by hudson1234on Jun 22, 2014 10:27pm

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Senlac Potential Production

I just came across on old 2011 press release indicating that the goal is for Senlac to produce between 4000 and 5000 bbl/d. The release is located here:

https://www.marketwired.com/press-release/Southern-Pacific-Achieves-Record-Quarterly-Production-from-STP-Senlac-Thermal-TSX-STP-1539129.htm

Does anyone know if this is still the goal?

Additionally will phase L bring us up to these levels or does previous issues with phase K have a limiting factor?

If we are able to reach 4000-5000 bbl/d then break even seams pretty achievable in the near term. I look forward to your comments.

Hudson

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