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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Post by dpb_75on Jul 09, 2013 12:37am

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16% Gain

Well its actually a 16% gain at Mackay which is the play in the portfolio we are all watching. Its obviously better than the flat May. That being said 16% gains consecutivily over the next 10 months leaves us at about 44% of the promoted 12K/per day. Well short of expectations.

These percentages better start rising or we are in trouble. Does anyone have any information on a successful ramp up in SAGD? I would assume that you would see larger percentage gains on the front end as its a smaller number? Or is succesfull SAGD like a snowball rolling down hill?

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Corus reports Q1 profit drop in the face of falling revenue