Southern Pacific Resource Corp STPJF

RE:January numbers

[ShatnersRug]

Eye,

I never, not once stated that Pad 1 is THE way to go. Never.
What I DID say, was that IF 1P5's numbers show a rapid improvement, say March exit of 500+, with conformance to come, THEN I'd go with ICDs on Pad 1 vs. Pad 2.

Pad 2, according to January data, is slowly conforming on its own. Slowly. But if ICDs on Pad 1 can increase production in each well-pair by ~500-600(or more) bbls, this eliminates the need for infill wells and the $51million expenditure.

IF it becomes apparent that 1P5 plateaus at lower than 50% of nameplate, then YES, I say go ahead and focus all efforts on getting Pad 2 to 6000+ bbls/d.

This is why I place so much importance on 1P5's progress. Given how fast 2P1 conformed, there is the chance that we will have conclusive evidence by March 31 exit prod numbers, albeit small, that Pad 1 will producec commercial quantities of oil. 51 million reasons for me to have an iota of curiosity on the matter. In fact, now that I think about it some more, it could very well be the reason that they will start the next ICD installation in mid-April. It could be that management wanted to see more of 1P5's progress.

Shat-

[chevy58]

Hi guys: I just joined. I just wanted to say that I have been reading your comments for the last few weeks. Very interesting. There was material change release on sedar this morning  at 10:42 a.m. repeating the already stated information. Comments on ICD installations were included in the release.

[Eyeinvestor]

We won't know who is right until they announce which wells they are installing ICDs on in April (if they even tell us) ................................................................................................................................................................................................................................... My concern is that you are creating grounds for

[nikehercules]

Thanks Eye for the analysis. It's always good to get differing opinions, especially from fellow long shareholders. Here's a blast from the past courtesy of Deduction. IP5 once upon a time did over 150 bbls/day. -----  First the good: Pad 102  Starting to look like a real sagd operation. All the wells with the exception of 2P4 are continuing a nice trend up. 2P3 even produced

[Eyeinvestor]

Yes....same here...eye have a spreadsheet with all the individual well pair production on a well by well basis , monthly since they commenced production. ..............................................................................................................................................................................If I had time I would like to do the same for a couple of projects that

[monzie]

BTW nike you just signed your post "Deduction" by accident.  I'll never understand why people have multiple accounts if they're not up to something.  But anyways I guess its your own prerogative. 

[nikehercules]

I'm crediting Deduction - he posted that back in November 2013.

[monzie]

oops my bad.  I guess it's just my lack of fully trusting posters and bullboards that gets the better of me sometimes.  Sorry for any insinutation

[alfino]

p.s who cares how many accounts people have as long as they post useful information..I personally post less than useful information but try to keep the mood up on this bored like this following comment.... IT'S F#$#ing Friday Everyone ! so lets get home and BBQ some ribs and drink some beer and hope God looks upon us kindly in the upcoming weeks! cheers Al

[prairieboy1]

wow monzie, never saw that..... But in the scheme of things, not unusual that there are a few peeps with dark hands lurking in plain sight.