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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 > Just heard back from Foofat
View:
Post by monzie on Aug 06, 2014 1:56pm

Just heard back from Foofat

Here's his response to why the June production was lower and whether there were any hiccups during the month:

"1P5 was shut-in for about 1 week to build pressure and 2P5 was down for about 2 weeks for the ICD installation in the month of June; everything else was normal course."
Comment by farmerman on Aug 06, 2014 2:02pm
Hi  For us disorganized can you estimate what that means for production that will come back online for the 3 weeks on 1p5 and for 2p5 two weeks I assume they didnt jump right back to normal numbers but what would the educated thought be for missed production and for production 1 month out from this ocurance. Thanks Dave
Comment by ShatnersRug on Aug 06, 2014 2:19pm
That doesn't explain the flat production rate. 1/4 of 150 from 1P5 = 38 bbl/d 2 weeks downtime of 2P5 equated to roughly 175 bbl/d Add this 130 to the 2020 and production for june SHOULD have been around 2230 bbl/d Given these numbers, 2P1 is topping off at around 600 - 650 bbl/d if that I do not have the exact numbers for each well for June.
Comment by ShatnersRug on Aug 06, 2014 2:27pm
Correction -- "Add this ~215..."
Comment by monzie on Aug 06, 2014 2:46pm
True but on the plus side it would have been our highest production month of the year, obviously not by much tho.  I responded asking him whether they would release the July and August exit rates in the upcoming press release and all he said was that a full operational update should be alongside the fiscal year release. 
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