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Southern Pacific Resource Corp T.STP

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.STP.DB | STPJF

Southern Pacific Resource Corp is a oil and gas exploration company engaged in the acquisition and development of heavy oil and bitumen producing properties, with a focus on thermal extraction of in-situ oil sands projects.
Price: $0.195 | Change: $-0.005 | %Change: -2.50%
Volume: 223,787 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.81/0.105

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RE:RE:RE:A quick call to Greg Foofat

We discussed senlac production and he mentioned the decline to be 1% per month. I got the impression that Phase L was not being currently drilled, but i did not come right out and ask. Perhaps...read more
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RE:RE:A quick call to Greg Foofat

Any word on the new Senlac Phase?  They said they wouldn't be doing any ICD's or Senlac until after the review, but clearly they're installing the ICD's so maybe they're also drilling Phase L.  rate and reply
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RE:A quick call to Greg Foofat

I almost forgot Eye's curiousity regarding the best well on Pad 2 - 2p3. Greg said this would most likely be the last well to receive and ICD. I'm looking foward to seeing additional ICD approvals...read more
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A quick call to Greg Foofat

Some notes from Greg Foofat, he was pretty quick about getting back to my message. - no press releases will be issued for additional ICD's. This isn't material, last press release said they would be...read more
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RE:RE:RE:Production graphs available at nikes email (bigdukesix)

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...read more
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RE:RE:Production graphs available at nikes email (bigdukesix)

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...read more
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RE:Production graphs available at nikes email (bigdukesix)

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...read more
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Production graphs available at nikes email (bigdukesix)

Updated to include May - No big changes  rate and reply
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RE:RE:RE:RE:Rig on site

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...read more
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RE:RE:RE:Rig on site

The Rig was staged on Pad 2, and there were pipes on 3 seperate racks laid out.  rate and reply
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RE:RE:Rig on site

I will ask the chopper pilot to overfly STP in a week. He'll know the well pair and pad numbering.  rate and reply
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RE:Rig on site

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...read more
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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...read more
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RE:$100 000 per flowing barrel

How is that sale a good prescedent?  PPY had flowing barrels, STP's barrels are clearly not flowing, that's why we're in this mess.  rate and reply
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its not for water wells.  its permission to use fresh water for pressure testing or some other function..  rate and reply
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Shallow ground water wells are not licensed (do not show up in accumap). No rights are involved either so location is irrelavent. I think it is a red herring. Deduction  rate and reply
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Interesting-the document is an annual filing that every producer has to file to use groundwater or surface water.  It has to be a mistake that the application has Suncor wells on it. Otherwise it...read more
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RE:RE:Well IDs

Well I have not read the document that was linked but the all but one of the location are not on STP land. Most are Suncor and one is Mackay operating corp. Not sure what it is about.  rate and reply
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$100 000 per flowing barrel

Paited pony just sold their sask asset not sure what kind of oil it is but good precednt  rate and reply
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RE:Well IDs

Perhaps this is part of phase 2? Deduction  What do you think?  rate and reply