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 > Changes

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Post by Awardedon Aug 14, 2014 11:07pm

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Post# 22844884

Changes

At one time, Southern Pacific Resources was a very progressive company

Monthly updates on performance and plans.
Meeting targets for construction of the McKay steam plant.
A webcam showing daily pictures of progress.
The first to arrange rail delivery.

Today, the situation has changed

Someone with access to industry software gratuitously reports the monthly figures.
Targets seem to not exist.
Someone with a helicopter or car takes surreptitious pictures of site conditions.
Rail capacity is utilized by others.

How unfortunate!
Transparency denied! It need not be so!

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How one company is disrupting PoC testing