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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Comment by shinshinon Apr 30, 2014 11:45pm

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RE:RE:RE:RE:Q3 fiscal and operation results

Shat if you don't mind me asking what is driving your estimates? I hope the 2nd ICD has produced the same great results as the first ICD did but to me an increase of 50% month over month at McKay would be awesome but it possible with only 2 ICD's in operation?

Also, what is the typical P/E for companies similar to STP?

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