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Southern Pacific Resource Corp STPJF

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.


GREY:STPJF - Post by User

Post by nikeherculeson Jul 10, 2014 2:15pm
595 Views
Post# 22733917

A quick call to Greg Foofat

A quick call to Greg FoofatSome notes from Greg Foofat, he was pretty quick about getting back to my message.

- no press releases will be issued for additional ICD's. This isn't material, last press release said they would be installing more over the summer.

- the ICD on 2P1 was a successful proof of concept.

- STP does not have June numbers yet.

- next press release will be sometime in September due to the year end. They might not include any production numbers beyond June in that release - they will think about it.

- Senlac production will be trending down.

- expect strategic review to be wrapped up by the end of summer.

So basically we're looking at a quiet summer. They'll be no news but more ICD installs. If you're buying, perhaps you can snipe some shares at a lower price.

Thanks Deduction, Eye and Monzie for the feedback. A big thanks to JUnit's "friend" for that ICD spotting. Maybe he could drive through once every 2-3 weeks and see what is going on since this bullboard will be our only source of info in the next months.

Happy Stampedin' and stay diversified!

NH
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