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.

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Southern Pacific Resource Corp

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Comment by kavephishon Oct 23, 2012 11:07pm

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Post# 20516395

RE: RE: RE: Can anybody shed any light on....

Probably not until first quarter results are out, so several months away still. Keep in mind that Senlac was short approx 1K bpd until the next phase is online, so any production fromMcKay Phase I will prob only offset the Senlac shortfall. Also, Lutes said that breakeven for McKay is approx 5K bpd, and full production from McKay is 12-18 months away, so we are still months away from being "in the black".

Still waiting with the rest of you....

Kave

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Cross border trading in Canada and Australia