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 maramos98on Jun 13, 2013 6:39pm

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Post# 21522282

RE: Production up 7% in May

Not sure how the market will react to this update. Hope it doesnt sell off in the morning.

87% of May production (1,024 bbl/d) came from 5 well pairs meaning that the remaning well pairs only contributed 133 bbl/d.

The 5 well pair average is 178 bbl/d

The HPSS well pair currently producing 187bbl/d.

In the presentation STP is now saying ramp up to 12,000 bbl/d by Q2/14 which means that the 12-18 month ramp up time frame has now been extended by up to 3 months.

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