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 > Canada's oil-rail terminal firms, muted glee over Keystone

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Comment by JR5on Apr 24, 2014 11:55am

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Post# 22486519

RE: Canada's oil-rail terminal firms, muted glee over Keystone

STP positioned itself well. They have dedicated facilities on both ends and they are now running unit trains. For new players or those that waited to enter the game the price to play started going up , way up. Construction cost over runs and missed timelines. Meanwhile STP is using the latest technology to reduce operational costs while improving production efficiencies. They also have a crew on site installing the first of a series of ICD's. They are at the front of the line. It must be about time to start the next ICD install.

Cheers,
JR.

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