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 > Production forecast and the future

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Comment by prairieboy1on Mar 30, 2014 12:29pm

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RE:Production forecast and the future

Thanks for the great post Shat and for all the research you did to put this together. The biggest point you make is about the vote of confidence that Credit Suisse has given STP with the new financing arrangement. I don't think that would have happened without some serious research and kicking of the tires by Credit Suisse and their consultants. Getting oil successfully out of the ground from a SAGD play is surely a combination of art, science, and good project managment. I do believe we now have the whole combo.

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The investment impact of the U.S. 25% tariff on Canadian imports