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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > 2p5 should be the first well pairs for ICD installation
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Post by Duxing on Jun 10, 2014 2:19am

2p5 should be the first well pairs for ICD installation

After 1p5 and 2p1.

2p5 producing about 200bpd while 2p3  is producing around 500bpd. According the sequence these two well pairs mentioned in the presentation, I think 2p5 is the first wells ICD being installed after 1p5 and 2p1. In other words, STP just restarted ICD installation.
Comment by adamsight on Jun 10, 2014 11:22am
So whats the deal  If they are on 2p5 now (from flyover) what wells does the report say they should have done to date. Does it say production for April on any icd wells? I am too busy to read it through Let me know so I can email the regulator thanks A
Comment by ShatnersRug on Jun 10, 2014 11:53am
April production is already available if you have the appropriate subscriptions. A poster, some days ago, had mentioned that April production at McKay averaged 1950 bbl/d. This is inline with March's numbers and 2P1 producing as ~600-650 bbl/d. The way I see it, 2P5 installation is being fronted by the interested buyer. It's the ONLY way to explain the bypassing of capex freeze. If anyone ...more  
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