CALGARY, ALBERTA -- (Marketwire) -- 10/31/12 -- Southern Pacific Resource Corp. (TSX: STP) ("STP" or the "Company") is pleased to announce that sales of diluted bitumen ("dilbit") have commenced from its STP-McKay Thermal Project near Fort McMurray, Alberta.
On October 24, 2012 the first load of dilbit was hauled by truck for sale to an [...]
CALGARY, ALBERTA -- (Marketwire) -- 10/11/12 -- Southern Pacific ("STP" or the "Company") (TSX: STP) is pleased to provide an operational update on its STP-McKay and STP-Senlac Thermal Projects in Alberta and Saskatchewan.
STP-McKay Thermal Project
Operations at STP-McKay in the Athabasca oil sands region of Alberta continue to progress as [...]
Southern Pacific is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, FirstEnergy Capital and TD Securities, and including Raymond James, AltaCorp Capital and Canaccord Genuity. Pursuant to its short form prospectus dated [...]
Southern Pacific is pleased to announce its financial and operational results for the year ended June 30. Completed construction of Phase 1 of the STP-McKay Thermal Project. The total project construction was completed at a cost of $468 million, only 4% over the original budget. Steam began circulating to the first well pad on July 1, 2012 and the [...]
Southern Pacific is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets, RBC Capital Markets, FirstEnergy Capital, and TD Securities, and including Raymond James, AltaCorp Capital and Canaccord Genuity to sell, on a "bought deal" basis, 51,725,000 common shares of the Corporation [...]
CALGARY, ALBERTA -- (Marketwire) -- 08/28/12 -- Southern Pacific ("STP" or the "Company") (TSX: STP) is pleased to provide an operational update on its STP-McKay Thermal Project near Fort McMurray, Alberta.
STP-McKay Thermal Project
Operations continue to progress well at the STP-McKay Thermal Project as the steam circulation period advances on [...]
CALGARY, ALBERTA -- (Marketwire) -- 07/16/12 -- Southern Pacific ("STP" or the "Company") (TSX: STP) is pleased to announce that steam began circulating through the second pad of six steam assisted gravity drainage ("SAGD") well pairs at the STP-McKay Thermal Project on July 13. This brings the total SAGD well pair count currently being steamed [...]
CALGARY, ALBERTA -- (Marketwire) -- 07/03/12 -- Southern Pacific ("STP" or the "Company") (TSX: STP) is pleased to announce that steam began circulating through the steam assisted gravity drainage ("SAGD") wellbores at the STP-McKay Thermal Project on July 1. First steam is not only an important milestone in the McKay project development, it is [...]
CALGARY, June 27, 2012 /CNW Telbec/ - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX: STP) announced today completion of a long-term arrangement to transport its bitumen to the U.S. Gulf Coast via the rail network of CN (TSX: CNR) (NYSE: CNI). Under this arrangement, Southern Pacific expects to significantly increase its [...]
CALGARY, ALBERTA -- (Marketwire) -- 05/14/12 -- Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX: STP) is pleased to announce its financial and operational results for the quarter ended March 31, 2012.
CALGARY, ALBERTA -- (Marketwire) -- 05/10/12 -- Southern Pacific (TSX: STP) ("STP" or the "Company") is pleased to announce expansion plans for its steam assisted gravity drainage ("SAGD") STP-McKay Thermal Project. Upon completion of the expansion, STP-McKay Phase 1 will have a bitumen processing design capacity of 18,000 bbl/d. The expansion is [...]
CALGARY, ALBERTA -- (Marketwire) -- 02/09/12 -- Southern Pacific Resource Corp. ('Southern Pacific' or the 'Company') (TSX: STP) is pleased to announce its financial and operational results for the quarter ended December 31, 2011.