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 > i am not sure thats unsusual

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Comment by ShatnersRugon May 13, 2014 3:48pm

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Post# 22557058

RE:RE:RE:i am not sure thats unsusual

Makes sense.

With respect to the strategic review, if STP is sold, with the application in place, that would mean that the interested party is buying in to the ICDs.

Or, it could simply mean business as usual for STP. If the sale does not proceed, one would assume that life would go on and STp would need to get on with things.

Either way, if the steam breakthrough does not constitute a failure in well-pair integrity, this application should not be seen in a negative light. It might get us asking more questions but that's about it. Upon completion, that would make 5 ICDs installed oout of 12 well-pairs.

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