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

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Post by ShatnersRugon Mar 25, 2014 9:41am

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Post# 22363335

Pad 1

Pad 1 alone will be deemed commercial and more than just "gravy" as expressed by our esteemed Ms. Eye.

As a whole, STP-McKay was declared commercial when they reached ~2000 bbl/d.

With the ICDs, even applying conservative estimates, Pad 1 will reach at least 2000 bbl/d. The real gravy will emerge if the ICDs can get each well-pair to attain 70%+ conformance. Not only will I be dancing in the street, but I'll be dancing in the street naked, dragging along empty oil cans tied to my waist.

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