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Southern Pacific Resource Corp STPJF

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

Comment by llennnon Sep 20, 2014 3:45pm
417 Views
Post# 22955633

RE:RE:AGM Date Change to Nov.20th

RE:RE:AGM Date Change to Nov.20thIT Looks to me we are playing a card game 12 well stud, This sounds like a perfect date to have AGM, The 2P5 well pair was shut-in for 14 days to cool off and complete the work over; it was placed back on production on June 10. then four months after for run up should be required, first the horizontal producer length is segmented with isolation packers. This seems to be an issue of how far along the steam can travel and still be steam; second, the ICD devices are installed into the segments which are designed to restrict the inflow of steam from short circuits, thus allowing other sections of the wellbore to produce without having to rate restrict the entire well pair. This all makes practical sense, so it would make further sense if they need until early November to have some of the results of the effort of all this. Now, we do not really care about oil prices or the spread, nor the present debt all that really matters is volume produced per day because that is liquidity produced per day. Then if flow is increased, you can get into financial engineering, leveraging and the exponential numbers that should follow, I am in and looking for 2 bucks, the debentures are wild, make your call or raise your ante or you can fold cause you don't know the market heavy oil production, what say you all
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