Southern Pacific Resource Corp STPJF

Update is in

[monzie]

Well the operation update for Oct is now in.  Production is down from the previous month but 300 bbl/d (150 at Senlac and 150 at Mckay) was hopefully just a one off hiccup.  It's definitely not a positive update but not a disaster either

[BG20]

  SOUTHERN PACIFIC PROVIDES OCTOBER OPERATIONAL UPDATE CALGARY, Alberta – November 14, 2013 – Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today provided an operational update for the month of October 2013 with respect to the Company’s STP-McKay and STP-Senlac thermal projects. Total Corporate Production Total Company production

[nikehercules]

Senlac production is still down 340 barrels despite the Phase H failure (2737 Sept - (2247 Oct + 150 barrels missing). Is this natural decline? McKay production is actually up 241 barrels if you add back in the 150bbl/day for 1p2 being offline. Senlac is dropping, McKay is slowly ramping up....and the repair bills are on the AMEX. Does my logic make sense? I don't think we're headed to

[nikehercules]

Correction: "McKay production is actually up 241 barrels if you add back in the 150bbl/day for 1p2 being offline." Sorry, it's only up 59 barrels month over month at McKay if you add the 150 back in.

[cam1985]

If they are reporting it on a calander month basis then the production is up 138 bbl/day since they would have lost of day of production over the month (2214+150)*31/30... but who knows... either way they need to fix the well bore before they can do HPSS... last thing we want is a failure of the well bore.

[monzie]

Considering they still have 47 million dollars at their disposal (17 in cash and the rest a credit facility) as well as the possibility of another 140 million of second lien debt.  I doubt we have to worry about a private placement/dillution or the selling of any assets any time soon if that's what your actual question is. 

[freedom45]

I have a different perspective. My STP has a management team that cares about the long term success of our company. They make decisions as required based on the long term success and future of our company. They do not fudge numbers and they do not take short cuts to satisfy traders and monthly update results. They do the right thing each and every time and that makes me very anxious to add to my

[alfino]

AMEN brother/sister !

[wittmann]

I dont think anyone can spin anything positive into this.With this company,and at this point,investors are looking for any positive news which in my opinion this is NOT.Tomorrow and the NEXT few weeks could be disasterous as tax loss selling will destroy this company's shareprice some more. The market will only take so much bad press.Stocks such as this one ,that have hurt investors throughout

[Pandora]

Appears that zanadu does have a little inside info (and maybe others) as he did state that one well pair was off line and that's what the report says.

[zanadu123]

Buddy  Please read my note again. I was quoting from another person. I was questioning if the information is material in nature. Definitely there are insiders here. Lutes dig them out

[Pandora]

My apologies zanadu from what I can see it was tp0052 that said it first and then I didn't go much further back than that.

[zanadu123]

Thanks Pandora. tp0052 is an insider and he / she demonstrated this by releasing material information prior to company's news release. Perhaps tp0052 is releasing this info to big investment houses too, causing huge price swings. What can be done? Lutes? Alberta security commission?