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Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

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

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > only one question needs to be asked
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Post by freedom45 on May 08, 2014 8:47am

only one question needs to be asked

will stp be cash flow positive after next quarter (4th) ending june 30th ?
Comment by oilcansam on May 08, 2014 8:56am
i think they need a production in the area of 4500boe.  you have to remeber that breakup has just ended in the senlac area so maintenance can resume.  there was very little info on well failure etc.  i guess i mean  NO info.  So now that the rigs are able to get back in the field  .  workovers can begin.  Not sure if they place road bans up north but i ...more  
Comment by freedom45 on May 08, 2014 9:01am
everything u need to know is contained in this one paragraph. The company has plans to install additional ICD configurations on certain well pairs at McKay. The program is currently being finalized and, once initiated, the company intends to install several more in a consecutive manner to minimize costs. The cost of the entire program is expected to be approximately $10-million. The next set of ...more