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 > Today's AM moves

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Comment by JR5on Mar 21, 2014 10:22am

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RE:RE:RE:Today's AM moves

I was thinking about how they would proceed and came to the same conclusion. They also would do one ICD at a time and keep going till Pad 1 is completed. My guess is that by the 3rd new ICD installation we should be close to 6000 bbls production. Cash burn will begin to decrease each week and with any luck we could reach break even in April.
Ever optimistic,
JR.

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