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 > Q3 fiscal and operation results

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Post by shinshinon Apr 30, 2014 10:11pm

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Q3 fiscal and operation results

Could the 3rd quarter loss take away some of the momentum of the anticipated increased production numbers from the month of March?

I think they should have posted the March production numbers a few weeks prior to the 3rd quarter financials to build up some momentum and then they could have threw in the April production numbers with the Q3 results to soften the blow.

Any thoughts?

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