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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-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

Post by maramos98on Jan 09, 2013 8:34am
211 Views
Post# 20813809

STP Rail Capacity

STP Rail Capacity

From the operations update we know that they shipped 4500 barrels in 7 rail cars which is equal to 600 barrels per car.

The rail trip from alberta to natchez took 15 days.  This implies a round trip of roughly 30 days.

From previous releases we know that they control a fleet of 500 rail cars.

Based on the above the rail capacity is ±500 rail car loads per month.

500 rail cars x 600 barrels = 300,000 barrels per month /31 days = 9,677 barrels per day.

From the operations update the Dilbit being shipped is 80/20 mix. (20% diluent).

Adjusted capacity taking into account Dilbit = 9677 x .8 = 7,742 barrel per day.

STP will need to add more rail cars in 6-8 months.

 

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