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Southern Pacific Resource Corp STPJF

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

Comment by oilcansamon Feb 15, 2014 5:12pm
341 Views
Post# 22214516

RE:RE:RE:The buying --

RE:RE:RE:The buying --
Just to set the board straight on ICD's .  There is one installed in on 2P1 as we all know about.  IP5 is soon to be completed and we all hope that it produces with the same result as 2P1.  Now 2P4 is fitted with an isolation packer.  This unit simply acts as an isoaltion tool which blocks off one zone of the string from the rest.  So if the heel or toe where producing way more steam than the rest they can actually isolate it from the rest of the string.  I believe this well has just been brought back online so hopefully we will see good results.
1P2 and 1P4 are currently shut in and awaiting results from a few months production from the 2 ICD wells.  Does anyone know what 1P2,1P4 and 2P4 produce?  it was not really clear with the PR that these wells were shut in for the 4th quarter.  So in short production was NOT maximized with all wells in the 4th.  I dont see why they would not produce 1P2 and 1P4 and then install the ICD later on.  Unless they have serious short circuits damaging the formation. 
As expected, Senlac probably has been ordered to stop using liquid creamer in their coffee. lol
save every penny for the west.
 
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