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 > Some rough analysis

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Comment by monzieon Mar 04, 2014 3:24pm

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Post# 22279367

RE:Some rough analysis

"I wasn't able to listen to the con-call (sitting on cabbage beach with one of those coconut drinks). How was the discussion regarding bank relations?"

To paraphrase Lutes: the negotiating with the banks shows that they have confidence in what we're doing and what can be achieved.

As for the rest of your summation I agree with most of it except that I don't see January's Mckay numbers being that high and I don't see Senlac's numbers declining that rapidly. And if we do manage to get a combined steady rate of 1000 bbl/d from 2P3 and 1P5 then we are definitely in for a rapid jump in stock price in a few months.

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