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 > STP - CLL Comparisons

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Comment by monzieon Jul 24, 2013 6:58pm

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Post# 21628547

RE:STP - CLL Comparisons

there are sites like stockwatch to see trades from all the different platforms, or you can just go to the tmx website and view the last 20 or so trades there. It's going to take several months for there to be significant improvement in the production numbers at McKay as they said in their last report that there are 5 wells that they need to do the HPSS treatment to and they plan on doing it one at a time, they're just waiting on approval from the regulators. As for Senlac the 3rd well delay is over and it should have started a couple of weeks ago. This is all from their last press release. We'll find out in a couple of weeks. As each well gets treated there will be a decent improvement on the numbers, just not the numbers they initially targeted until everything is in line.

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