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Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P
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 > Review
View:
Post by farmerman on Jun 26, 2014 12:31pm

Review

Was curious, verified with Mr. Bollinger review still has rbc capital markets engaged
as of today
Comment by rehsifylf on Jun 26, 2014 3:45pm
When you are trying to sell you're home, you do home improvements to help it sell.  Must have been a deal close that was delayed or fizzled.  so now they do some improvements and keep it listed.
Comment by Eyeinvestor on Jul 02, 2014 6:02pm
Eye wish they would hurry up already and sell the damn house. That or just spend the money and put in new foundations and dry wall the cellar.
Comment by CommunityMind on Jul 03, 2014 12:20pm
Eye agree with you and I think many others do too. This company had huge potential and it's been disappointing (to say the least) to see them struggle with production. Hopefully the next news release will be a good one.  That's my 'glass half full' of oil outlook :)
Comment by nikehercules on Jul 03, 2014 12:36pm
I'm hopeful that the next news release will be hopeful forward looking. However, production will most likely be down for Q2. Senlac is dropping about 50-100bbls/day per month and we know from Deduction's numbers that April wasn't all that fantastic at McKay. 2P5 was also down for a portion of May and June. Chances are we'll be well below 4000bbls/day for Q2. Hopefully the ICD ...more  
Comment by Junit290 on Jul 03, 2014 1:19pm
On the next rain day I know someone who can drive over and tour through. Said person can upload a few more photos. ;)
Comment by nikehercules on Jul 03, 2014 1:50pm
Junit290 - A big thanks to your friend. STP already missed the boat when they indicated more ICD's would be installed in mid-April. Let's hope they keep to their original June 17th guidance for ICD's. "The exact timing around future ICD installation is subject to further clarity on the Company’s ongoing strategic alternatives process announced in December 2013, but it is ...more  
Comment by Junit290 on Jul 03, 2014 2:32pm
The only thing that will matter when we get the next report will be production from the 2 ICD's that have been in production for awhile now, if either stays relatively flat then it's not going to be good. The one on 2p5 should start to show some life by now. Hopefully the company sheds some light on it's tamping up procedures. I would guess that they will slowly ramp that well up ...more  
Southern Pacific Resource Corp