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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
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Comment by oilcansamon Aug 28, 2014 10:15am
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Post# 22885745

RE:RE:RE:RE:The past - math and optimism

RE:RE:RE:RE:The past - math and optimismHmmm,  this sucks.
does anyone know of which are in the books for ICD installs.  I assume 1P2 which has been shut in since late 2013. It's current production before shut in was about 112 boe. 
Now the question is. Do you try and double the wells on pad 2 which are in the 200+ range or go after the duds on pad one.  It's to bad that can't do them all.  Then we will know.  Although I think pad one is not a conformity problem.  
Another question would be why Senlac is not being drilled today.  I believe they are infill wells so production is a given.  I guess that the toss up.  Spending $18 mil on for sure production or spending $5 mill on a guess.  I think lutes know that if he can increase pro in  McKay he will get financing.  I just hope the banks think that as well.  
Oh well, I guess we just sit back and wait.  I hope it's a happy Xmas.  
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