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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp > The past - math and optimism

<< Previous

Bullboard Posts

Next >>

Comment by rad10on Aug 27, 2014 10:33pm

352 Views

Post# 22884740

RE:The past - math and optimism

Good analysis Shatner - Oil is low, but the Canadian Dollar is dropping nicely.

Doesn't McKay break even at 2500 bpd, and become cash flow positive at 3000 bpd? This looks achievable over the course of 6 months IMHO. It's going to be a long slow process. Get higher up the capital structure and you could do very well.

Cheers

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?