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 deductionon Apr 04, 2014 11:27am

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Post# 22411706

Feb Production

We all know that 2P1 took a big jump to 694.2 bbl/d in Feb with the ICD installation. However other wells also continue to march higher with out an ICD. 2P3 for example produced 548.3 bbl/d in Feb (Jan was 473, Dec was 465, Nov was 339 bbl/d). Others are marching higher but not like 2P3. It would not surprise me if this is the next well they work over as they seem to be hitting the best well on each pad first with the ICD trial.

The 1P5 well only produced for 1/2 of Feb. While it was on production it was doing 94.9 bbl/d. It would not surprise me to see about 250-300 bbl/d after the ICD installation base on previous highs.

Pad 101 on average produced 92.4 bbl/d in Feb. Pad 102 on average produced 328.8 bbl/d

Deduction

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