Southern Pacific Resource Corp STPJF

RE:RE:RE:Production graphs available at nikes email (bigdukesix)

[monzie]

Well regardless of whether the numbers look good or bad in our eyes, or whether we think they are being too conservative in controlling the amount of bitumen being pumped out of precaution, management clearly likes what they are seeing otherwise why would they bother installing a fourth ICD? It's not like we have excess money lying around to just throw away.  I agree with Eye, the numbers are fine and expected, most of us already knew that Q2 numbers weren't going to be great, its the outlook on Q3 and Q4 (calendar)  that matters. Hopefully management will decide to provide July's exit numbers when they release their Q4 financials next month.  And don't forget the well pair spacing application was approved last week, so once they announce a source of funding for it, the stock price will surely get another bump similar to back in March.