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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Comment by nikeherculeson Jul 03, 2014 1:50pm

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RE:RE:RE:RE:RE:RE:Review

Junit290 - A big thanks to your friend.

STP already missed the boat when they indicated more ICD's would be installed in mid-April. Let's hope they keep to their original June 17th guidance for ICD's.

"The exact timing around future ICD installation is subject to further clarity on the Company’s ongoing strategic alternatives process announced in December 2013, but it is expected that further installations will be completed over the next three months"

I'm hoping with more ICD's being installed and more transparent reporting on how current ICD's are performing will prevent another sudden drop in the SP when that Q2 report is due in August.

NH

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