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 > Cut your losses

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Comment by oilcansamon Jul 21, 2014 3:52pm

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Post# 22767101

RE:RE:RE:Cut your losses

Chances of them installing an ICD on 2P3 should not be an option. At over 500bbl it doesn't need it. 2P6 and 2p2 would be the next candidates. I don't think 2p4 is a consideration at 75bbl. Not worth the million bucks to double it. Has anyone seen May numbers yet?

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