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 > Pershing - House 143

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Comment by nikeherculeson Jan 08, 2014 5:34pm

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RE:RE:RE:RE:RE:Pershing - House 143

@shat

Short term, where do you see STP going, into the 30's? Say they get 4300 bbls/day.

Long term - I wouldn't buy until I've seen at least 3 consecutive months of 200+ bbls/day increase. Without that trend, STP is not going to make it on existing capital. See my earlier posts on production and cash flow projections for details.

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