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 JR5on Apr 12, 2013 12:17am

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Post# 21245076

RE: stp

I knew the production numbers would be less than hoped for. However, it was no surprise. The NR's and presentations indicated what to expect. I've been in contact with engineers in the game and I know the complexities of rail shipments, they all agreed the numbers would be off. STP is trying the hire the best rocket scientists they can get. The best curently work elseware, so they will have to make it worth while to bring people on board that have the skill sets to make things happen. Meanwhile they need to keep the communication lines open and provide some details beyound the simple numbers at month end. Details like successful rail and barge shipments, how many trucks leave the gate each day on the way to the rail head (otherwise its real easy to fill in the blanks via counting shipments and contacting the inspection companies that handle cargo shipments via water).

This month I expect to be better-lets hope they can meet expectations.

Cheers,

JR.

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