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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

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Post by Junit290 on Jul 09, 2014 7:47pm

Rig on site

There's another Service Rig on site, appears to be the same one with ground personal as well. Doors to control module were open. It's not setup on any of the well pairs but the amount of fresh supplies and cement and what not around would indicate in my opinion another project about to kick off. Also there were 2 trucks loading up for product export. 
These are just observations from today. Is it a good sign? Guess we'll know soon enough.

Junit(and friend)
Comment by nikehercules on Jul 09, 2014 11:57pm
Thanks for that bit of intel JUnit! That would imply STP has sorted itself out with financing when it comes to the ICDs if this is an ICD installation. We won't know until we see the ICD's staged on the pipe racks. Everyone must be at the chuck wagons based on the latest SP action. 
Comment by nikehercules on Jul 10, 2014 12:04am
I will ask the chopper pilot to overfly STP in a week. He'll know the well pair and pad numbering.
Comment by Junit290 on Jul 10, 2014 12:18am
The Rig was staged on Pad 2, and there were pipes on 3 seperate racks laid out. 
Comment by nikehercules on Jul 10, 2014 1:10am
Excellent, then there is a fourth ICD installation taking place. Production is going to be down for Q2 but will rise for Q3 and Q4 at McKay. If deductions's May numbers are looking good for 2P1 and showing improvement in 1P5, STP may actually go up for a change!
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