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-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

Southern Pacific Resource Corp

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Comment by LeGagneuron Jul 18, 2011 11:19am

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Post# 18842287

RE: New quarterly results

okey let's redo this...

Significant production revenue improvent indeed C$ 30.7 million vs C$18.9 million. If my maths ok then thats a 62% revenue increase. Cool.

The new reserves after this last winters core holes drilling and apparently something managenmen was quite pleased with at least according to their last presentation (see link below) will be made official in August.
http://www.shpacific.com/index.php?page=presentations

Fiscal statement will be realesed in September.

Pilot Project at Read Earth started in June and here the companys objective is to be able to produce minimum 10.000 bpd. More news as how this project unfold and progressed during the fall.
https://www.shpacific.com/en/news/stp-2011-07-18.pdf

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