Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

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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... see more

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Southern Pacific Resource Corp > I wasnt Privy

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Post by adamsight on Mar 29, 2014 10:00pm

I wasnt Privy

But a relative had a conversation with those that be and between Sask government and the need to extend the life of Senlac what has been heard is they wont do 5000 bpd there
They want to keep it in the 3-3500 bpd
If they dont sell red earth t could come onlibe for 1000 bod by year end.
I see MacKay online for 6000-7500 bpd by year end
full 10k for all production unless they sell senlac
Either way anyone who sold at .35 is gonna fell like sepuku
IMHO
A

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Comment by ShatnersRug on Mar 30, 2014 9:57am

Senlac will not be limited to 3500 bbl/s by management, the Saskatchewan government, nor the tooth fairy. Senlac will not be sold. STP needs the cash and Senlac has been a reliable source of income for years. If STP were on the selling block, Phase L wells would not be drilled in the coming months. Red Earth will NOT be developed at least until after Phase II is in progress. Too much capex needed ...more

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Comment by adamsight on Mar 30, 2014 2:04pm

So its a bet then. You assure everyone that it will be put to 5000 bpd and if you are wrong I buy you a bottle of booze for under $100.00 if you loose which you will I will take a bottle of 30 year old taylor fladgate port. Call IR on Monday they will be very open to discuss the limit of senlac, I am sure of this A

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Southern Pacific Resource Corp