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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 adamsighton Jul 03, 2013 11:52pm
160 Views
Post# 21588157

oh and I almost forgot, as an amatuer which one is loosing money hands over fist

oh and I almost forgot, as an amatuer which one is loosing money hands over fistConnacher
               
FINANCIAL ($000 except per share amounts)         Q1 2013   Q1 2012
Revenue, net of royalties (continuing operations)         $101,320   $107,747
EBITDA (continuing operations) (1)         10,682   12,419
Net earnings (loss) (continuing operations)         (46,566)   (23,001)
Net earnings (loss) (discontinued operations)         -   2,443
Net earnings (loss)         (46,566)   (20,558)
     Per share, basic and diluted          (0.10)   (0.05)
Capital expenditures - continuing operations         20,251   11,856
Cash on hand         81,714   48,852
Working capital         76,957   (5,059)
Long-term debt         861,828   848,256
Shareholders' equity         296,746   399,087
 

My best guess on cash burn for STP as of June 1st is about 1 million a month, which to me is waaaay better
but what do I know I am an amateur
(thousands, except per share and per boe amounts) Three months ended March 31, 2013 Three months ended March 31,
2012
Petroleum revenue, net of royalties $9,104 $21,598
Cash from operating activities before net changes in non-cash working capital ($234) $16,502
  Per share basic and diluted ($0.00) $0.05
Net income (loss) ($16,350) $11,553
  Per share basic and diluted ($0.04) $0.03
Total assets $991,142 $919,850
Combined average product prices ($ per boe) $50.24 $64.52
Operating netback ($ per boe)(1) $23.36 $44.41
Weighted average common shares outstanding    
  basic 397,653 340,512
  diluted 397,653 348,000
Production(2)    
  Heavy oil (bbl/day) 2,557 4,156
     

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