Southern Pacific Resource Corp STPJF

Production graphs available at nikes email (bigdukesix)

[deduction]

Updated to include May - No big changes

[Junit290]

Thanks Deduction. Well truth be told I was expecting something more than that. The fact that 2p1 hasn't produced more a full month later than the previous month tells me that they are in trouble, the only thing to consider is poasibly they are allowing for the other parts of the reservoir to warm up before allowing more steam downhill, but I would imagine that to be a not very likely scenario.

[Eyeinvestor]

Eye think the May news is okay and sort of in line with technical expectations. 1P5 is up slightly from April. The absolute production is not a large number but it is more than double pre-ICD and it is more than all the other 5 pad 1 wells put together. We are all familiar with the mistake that was made on Pad 1. No future pads will be drilled this way so Pad 1 does not affect the value of STP

[monzie]

Well regardless of whether the numbers look good or bad in our eyes, or whether we think they are being too conservative in controlling the amount of bitumen being pumped out of precaution, management clearly likes what they are seeing otherwise why would they bother installing a fourth ICD? It's not like we have excess money lying around to just throw away.  I agree with Eye, the numbers