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

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Post by Swingman24on Nov 14, 2013 11:23pm

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Post# 21908322

Question

If management truly believed they couldn't get to 12k bbl/day from McKay by June 30, 2014 wouldn't they have said it already? In the November presentation they still say it will approach that level in Q2. Any day they could revise it but first oil was over a year ago and they probably have a good idea of their own expectations at this point. They need average 24% month over month increases to get there by June 30. All we as shareholders need to think about is how much has the market already risked this actually occurring.

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