Bullboard - Stock Discussion Forum 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... see more

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GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > Good or Bad

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Post by adamsight on Jun 17, 2014 10:45am

Good or Bad

They are moving forward with ICD's to increase McKay production
They don't have enough money to do the infill wells, which is surprising unless as someone else has said, they have earmarked it for Senlac and that is moving forward, they had the money 2 months ago where did it go? Parties perhaps?.
Anyone want to drive out there (senlac) and look into it?
No mention of production, my guess is no change....
Company is hiding behind strategic review, if anyone has any connection with management it may be prudent to ask if RBC capital markets are still engaged or is STP doing the review themselves now?
Not happy with this BS but scum is what scum does.
To Harsh?
Strategic Review to Enhance Shareholder Value....
: )
ahahahahahah
lol
Now thats funny
A

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Comment by finnedpig on Jun 17, 2014 11:28am

Senlac. ,service rigs working last 2 weeks on shut in wells , minor repairs but probably bring back about 200 bad.

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Comment by budworm on Jun 17, 2014 11:39am

The news WOULD be good if they had told us the production from the previously installed ICDs was beyond expectations. They didn't tell us anything of value.

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Comment by monzie on Jun 17, 2014 6:02pm

budworm the fact that they installed a third ICD implies that they are still happy with the results of the first two ICD installations

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Comment by budworm on Jun 18, 2014 9:51am

Hey Monzie! Yeah you are right. Guess I'm falling into the class of Negative Nellies. Still holding...

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Comment by nikehercules on Aug 09, 2014 1:05am

There are still two service rigs on Senlac. One is on Pad A. No pad L activity. Everything is visible from the public road allowance. Note finnedpig mentioned there were service rigs at Senlac on June 17th. I was passing through the area between jobs and thought I would pop by. Lots of cows and mosquitoes.

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Comment by hudson1234 on Aug 09, 2014 7:32pm

Thanks for the intel Nike. Does anyone know why they would have two service rigs out there?

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Comment by Awarded on Aug 11, 2014 1:53am

Service rigs at Senlac! Maybe they are installing ICDs!

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Comment by nikehercules on Aug 11, 2014 11:34am

I've uploaded pics of the two service rigs to the hotmail account. username - bigdukesixmckay@hotmail.com password - 123bigdukesix The wide panoramic shot was taken from the NW corner of Pad "A". You can see the Pad "A" sign in front of the service rig. I believe Pad "L" is visible in behind (if anyone can confirm or correct, please do so) There appears to be ...more

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