Southern Pacific Resource Corp STPJF

Delay in Phase 1 Expansion and Phase 2 Approval...

[Swingman24]

How much will the market punish the stock for this...

"In October, Southern Pacific received the second round of supplementary information requests (SIR's) from the Alberta Energy Regulator (AER) pertaining to the Phase 1 Expansion and Phase 2 application for STP-McKay. While there are no requests within the package that appear contentious, the delivery of the SIR's was significantly delayed from the original expected timing. Based on the questions contained within the SIR package and factoring a risked chance of entering into a regulatory hearing over stakeholder concerns, the Company has reforecast its expected approval date of this application to the second quarter of calendar 2015."

[zanadu123]

none! Look at the production increase!

[nikehercules]

I think it's irrelevant at the current SP. I believe the market is focused on the ramp up at McKay. In fact, I think it's a good thing since the only capex for 2014 will be drilling the additional pad at Senlac. Everything else will be opex - these are Lutes' words from the last con call. Besides, I think STP has enough on their plate getting Phase 1 to 7000-8000bpd.  The last

[Swingman24]

I hope the market sees that way. I don't think phase 1 exp or phase 2 is reflected in current share price either but the market has a way of being irrational.