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 f96jho1on May 01, 2014 3:35am

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

I don't expect any big jump in production. Maybe some increase ~300 bpd for ICD2.
Certainly the cash flow is of interest because money is flowing out of the pocket right now. It is very nice if we have Operation net back around 20 $ / barrel right now. We need at least 5-10 ICD to see any real production jump.

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