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 > Getting it Out

<< Previous

Bullboard Posts

Next >>

Comment by BayStreetRaideron Aug 08, 2013 1:42pm

475 Views

Post# 21657129

RE:Getting it Out

What I've heard from analysts is that management got a bit greedy and decided to build out the injector and collector wells further apart so they can increase the size of the payzone. So what's been happening is that its taking longer than expected to heat the well, resulting in a costly delay for the company.

<< Previous

Bullboard Posts

Next >>

The top 10 Canadian medical stocks