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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 > Strategic Analysis - Yea or Nae
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Comment by nikeherculeson Mar 17, 2014 2:49pm
289 Views
Post# 22332623

RE:RE:Strategic Analysis - Yea or Nae

RE:RE:Strategic Analysis - Yea or NaeSorry, I missed this one:

During 2012, MacKay River operations averaged production of 27,000 bbls/d of bitumen (2011 – 30,000 bbls/d),
approximately 7% (2011 – 30%) of which was upgraded by Oil Sands Base operations. The decrease in this percentage was
due mainly to higher production from Firebag being upgraded. As at December 31, 2012, the cumulative SOR at MacKay River
was 2.5 (2011 – 2.5).

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