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

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Post by ShatnersRugon Apr 17, 2014 2:28pm

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Post# 22464627

Alright - Here's the skinny

I just had a conversation with one of the higher-ups. Please understand that there are things that I cannot divulge on a public forum. I don't want to lose the confidence of those involved.

The gist:

Positive views on both Pad 1 and Pad 2 with obvious emphasis on Pad 2.
Extremely high confidence level with the added liquidity that they have on hand. Thus, MY belief is that they will not use this money for infill wells. Not yet, anyway.
You can expect an update in early May.
There have been no setbacks since the last news release, and things are proceeding as planned.

Shatner feels a helluva lot better.

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