Southern Pacific Resource Corp STPJF

April Production

[bmofoshizz]

April production from Petrinex is pretty flat on a producing day basis, but the hours on production are down by about 4 days, leading to ~1950 bpd, averaged over the 30 days. Not sure what the 4 days with all wells down was about, but maybe it was to run some conformance tests. Hopefully May shows better numbers. Good to see the service rig out there, thanks for the pics nike. Gotta figure any news regarding ICD installs will help the SP at this point.

[tp0052]

Nice detective work bmofoshizz! Based upon this production data provided from Petrinex, we can make the following assumptions: 1. 1950 bpd x 30 days in April = 58,500 boe monthly production. 2. 58,500 bbls / 26 actual producing days = 2,250 bpd daily production. 3. Last company news stated that STP McKay produced 1987 bpd over the previous quarter. Therefore production in April showed a net

[Duxing]

Tp, do not compare April number with average number in Q3, that is a bit misleading and meaningless. Production of each month for Q3 is posted on STP website, you do not need to do the calculation in such complicated way. If your assumption for April daily production is correct,  daily roduction is basically same as that in March.