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 shleevoon Oct 31, 2012 4:38pm

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Post# 20546935

RE: News Out - STP="Share The Pain"

I'm gonna have a pivo as soon as I get home....aside from that...Let's break this NR down:

Currently each well pair is producing aprox 350 bpd at "restrictive" rates. Once the other 10 come online presumeably by end of this year, early next, that equates to aprox 4200 bpd which is about where Lutes said McKay would be self sustainable. I don't know how this could be viewed anything other than positive news.

GLTA

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