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Southern Pacific Resource Corp STPJF

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

Comment by Eyeinvestoron Apr 09, 2014 4:35pm
242 Views
Post# 22431966

RE:RE:ICDs

RE:RE:ICDs
First.......Eye take my hat off to Shat. .................................................................................................................... 2p2 always looked like a good prospect for ICDs. December production was around 250 bbd and had peaked at just north of 400 bbd last October. Since then SOR climbed. So no surprises there and one could see this as a well pair that could climb to 800+. .................................................................................................................... 1P2 caught me by surprise. They appeared to shut off steam in October and it is a well pair that has been semi dormant since October. At first it looked like a work over but it stayed closed for too long. Eye had almost written it off. The only two explanations are (I)that 1p5 went extremely well .... (2) That they want to tackle an extremely difficult situation to see how it goes. Eye don't think that 2 can be an explanation without (1). So any way eye look at this, this is unexpected good news . It was already in Shat's price ......but Eye'm very pleasantly surprised. Eye think the smarter brokers will pick up on this.
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