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 > Throw my estimate out the window

<< Previous

Bullboard Posts

Next >>

Post by nikeherculeson Jan 22, 2015 8:59pm

365 Views

Post# 23354133

Throw my estimate out the window

It's great getting a hold of real numbers to test out my finance models. I hope I didn't make the same mistake with COS.

Earlier I mentioned STP would lose $2.7 million per month operating. The real number is $4.6 million per month and that's without any interest payments.

Take a look at page 532 on the court application for the cash flow statement. Note they project spending $7.4 million on operating the plants and $8.7 million on transportation over 13 weeks.

https://www.pwc.com/ca/en/car/stp/court-application.jhtml

Don't open the document on your phone, it's 18 megs.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments