Southern Pacific Resource Corp STPJF

RE:RE:RE:RE:RE:My, My People - Have some faith?

[monzie]

Yes there are only two ICD's installed, and we have AER approval to install another 3 more (2 can be installed anytime and the third one can be installed in calendar Q3).  I believe you are right that 1P5 was producing around 50 bbl/d prior to the ICD installation.  And because of the results of 2P1 and 1P5 they decided to apply for 2 more but chose not to install them, instead said that they will wait for the strategic review before going ahead with the installation, and the very next day after saying that they applied for the fifth ICD to be installed in 2P5 for Q3. My interpretation of that is that the strategic review will be ending soon and that the company plans on installing all three ICD's most likely a month apart so June, July, and August seems the likely timeline.  Others think that there's a potential suitor who only wants to see 2P5's results but has decided to make STP sweat it out for a few months before letting them show it.  I think the different supplier thing you're talking about was when someone said that maybe a potential suitor wanted to install the ICD themselves to see if they can get better results.