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 > worst case seems likely

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Comment by VMAX01on Sep 27, 2014 8:41pm

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Post# 22976974

RE:RE:RE:RE:RE:worst case seems likely

len,

You must be asking if the steam chamber of the well pairs have merged. Just taking an educated guess ...no. It takes a couple of years for good SAGD pairs with larger voidage to actually show signs of chambers merging. The volumes produced on this project would not have sufficient voidage at 100 m spacing in my opinion.

VMAX

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