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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 > Is that another rig?
View:
Post by nikehercules on Jun 11, 2014 7:23pm

Is that another rig?

In the latest imagery taken yesterday, there appears to be a large piece of equipment to the left (westerly portion of Pad 2)

What is this?
Comment by nikehercules on Jun 11, 2014 7:42pm
The white piece of "equipment" is in front of the green containers found immediately to the upper right of the rig in "[Group 1]-20141472_DxO_20141473_DxO-2 images.jpg" and is not present in the June 6th imagery. The picture was taken at the easterly entry to Pad 2. The line of sight runs from the easterly entry towards the big pile of pipes to the green containers. The white ...more  
Comment by Junit290 on Jun 11, 2014 9:05pm
Just a regular truck mounted crane for odd jobs.
Comment by nikehercules on Jun 11, 2014 9:13pm
Thanks for the quick turnaround. Mr. Foofat is out until June 23rd and I can't seem to get through to the CFO like the old days. I'd like to ask: Is the STP capex freeze still in effect? (Probably of STP answering - 50/50 at best) If capex has been suspended by STP, would the resumption of capex be an event worthy of a news release? If STP says its own capex is frozen, who is paying ...more  
Comment by monzie on Jun 11, 2014 9:28pm
Now I'm confused.  I thought the ICD installation for 2P5 was approved for the 3rd calendar quarter (July-Sep).  So how could they be installing it now if they don't have approval to do so? Unless I've gotten the wells mixed up.
Comment by wittmann on Jun 11, 2014 9:43pm
I think you guys need to seriously consider taking some time off posting.Look at the recent weeks of nonsense......airplanes flying over the site..... LOL...analysis of everthing on the ground that looks out of place ...LOL..speculation over capex???? are you guys for real?? Take a break fellas........all will come in due time. In the meantime entertain yourselves by going over posts carefully ...more  
Comment by nikehercules on Jun 11, 2014 10:43pm
wittman: The placement of an ICD on 2P5 is highly material. This is being done despite a capex freeze announced on May and the ICD applicating timing of Q3. Who is paying for 2P5 is highly material. As for the analysis of everything in sight, that's just my professional background. ...and if my posts and information are "sounding very silly indeed", do yourself a favour and put ...more  
Comment by demarko on Jun 12, 2014 12:23am
That's right brother! Give Nike some credit, he's busting his chops in feeding us info. I get it" let it be , but posting facts and theories never hurt.
Comment by bmofoshizz on Jun 12, 2014 1:03am
Huh, Foofat is out of the office until the 23rd? May be a coincidence, but on June 10 STP requested an extension on the seemilngly innocuous IR's for the infill wells until June 23rd also. Something's coming down the pipe in short order. https://www3.eub.gov.ab.ca/eub/dds/iar_query/ApplicationAttachments.aspx?AppNumber=1789416
Comment by goldfinder4 on Jun 12, 2014 3:17am
This post has been removed in accordance with Community Policy
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