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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 > Short Position...
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Comment by prairieboy1on Mar 06, 2014 10:47am
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Post# 22288759

RE:RE:RE:Short Position...

RE:RE:RE:Short Position...Hey Shat,

It's interesting that you would bring up a possible quick decline of the oil flows from any shale operation in the USA or Canada. I have a connection with someone at MEG energy and asked her whether they were worried about the shale oil boom going on south of the border. Her reply was that they did the research and found that if there was a threat to shale oil leading to no demand for Canadian oil, it would be very short lived. The wells producing all the shale oil at this time are the low hanging fruit in the entire field and once those deplete, then all that will be left are expensive low production plays.
Check out the link with this.

https://fuelfix.com/blog/2013/12/17/shale-well-depletion-raises-questions-over-us-oil-boom/
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