Southern Pacific Resource Corp STPJF

The buying --

[ShatnersRug]

The SP is not moving. Capitulation.

But if you have noticed, every day there has been a different house buying en masse along with a small group of predominant sellers with the goal, as it appears to me, to keep the SP in the 16-17 cent range.

Someone/something is accumulating big. Guess we'll find out  what's going on soon enough.

[dreaddogs]

The Company should be close to finishing off the install of the second ICD.  Also, from the CC, Lutes mentioned thatt here are two well shut down and being prepared for another two ICd.....did anyone catch on that..?

[ShatnersRug]

Yes, I did. It was not made clear as to exactly WHEN they would be fitted with the ICDs, but from what I inferred, I believe that they will go ahead with the installation a short time after 1P5 is fitted. They will then run the 4 well pairs fitted with ICDs for 2 to 3 months and then make some decisions. Frankly, Lutes sounded quite upbeat about the ICD success. And I think that he is being coy

[oilcansam]

Just to set the board straight on ICD's .  There is one installed in on 2P1 as we all know about.  IP5 is soon to be completed and we all hope that it produces with the same result as 2P1.  Now 2P4 is fitted with an isolation packer.  This unit simply acts as an isoaltion tool which blocks off one zone of the string from the rest.  So if the heel or toe where