Southern Pacific Provides June Operational Update

Southern Pacific Provides June Operational Update 
CALGARY, ALBERTA -- (Marketwired) -- 07/08/13 -- Southern Pacific
Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today
provided an operational update for the month of June, 2013 with
respect to the Company's STP-McKay and STP-Senlac Thermal Projects. 
Total Corporate Production 
Total Company production averaged 4,347 bbl/d for the month ended
June, 2013, which is a 5% increase from the previous month.  
STP-McKay Thermal Project - Production 
Production increased 16% over the prior month, averaging 1,187 bbl/d
based on field estimates. A single well pair, 1P1, was treated in
late May with a High Pressure Steam Stimulation ("HPSS") which
involved injecting a finite amount of steam at a pressure above the
current maximum operating pressure of the project. The purpose of the
HPSS was to improve the communication between the injector and
producer, in addition to increasing lateral conformance. The well
pair was placed into SAGD production on June 4th and has been running
steadily in the mode since. The HPSS appears to have successfully
improved this well pair to the point where it can now begin steam
chamber development and operate in full time SAGD. 
In early June, the Company made an application to the Alberta Energy
Regulator ("AER") to perform the HPSS treatment on the remaining five
wells on Pad 101. The Company expects to receive approval from the
AER imminently and will begin treatments on the remaining well pairs
on Pad 101, one at a time, over the coming months. 
STP-Senlac Thermal Project 
Senlac production averaged 3,160 bbl/d for the month of June based on
field estimates. The first two SAGD well pairs from Phase K continue
to ramp up, and the third well pair, K3, which was scheduled to come
on stream in late June is now expected to start up later this week,
as some minor service work was required to repair a faulty
thermocouple string in the producer prior to running a electric
submersible pump. 
About Southern Pacific 
Southern Pacific Resource Corp. is engaged in the exploration,
development and production of in-situ thermal heavy oil and bitumen
production in the Athabasca oil sands of Alberta and in Senlac,
Saskatchewan. Southern Pacific trades on the TSX under the symbol
This news release contains certain "forward-looking information"
within the meaning of such statements under applicable securities law
including estimates as to: future production, operations, operating
costs, commodity prices, administrative costs, commodity price risk
management activity, acquisitions and dispositions, capital spending,
access to credit facilities and lending costs, income and oil taxes,
regulatory changes, and other components of cash flow and earnings
anticipated discovery of commercial volumes of bitumen, the timeline
for the achievement of anticipated exploration, anticipated results
from the current drilling program and, subject to regulatory approval
and commercial factors, the commencement or approval of any SAGD
Forward-looking information is frequently characterized by words such
as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. These statements are only predictions. Forward-looking
information is based on the opinions and estimates of management at
the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking statements. These factors include, but are not
limited to the inherent risks involved in the exploration and
development of oil and gas properties and of oil sands properties,
delays in ramp-up operations, the uncertainties involved in
interpreting drilling results and other geological data, fluctuating
oil prices and discounts, the possibility of unanticipated costs and
expenses, uncertainties relating to the availability and costs of
financing needed in the future and other factors including unforeseen
delays. As an oil sands enterprise in the development stage, Southern
Pacific faces risks including those associated with exploration,
development, ramp-up, approvals and the continuing ability to access
sufficient capital from external sources if required. Actual
timelines associated may vary from those anticipated in this news
release and such variations may be material. Industry related risks
could include, but are not limited to, operational risks in
exploration, development and production, delays or changes in plans,
risks associated to the uncertainty of reserve estimates, health and
safety risks and the uncertainty of estimates and projections of
production, costs and expenses. For a description of the risks and
uncertainties facing Southern Pacific and its business and affairs,
readers should refer to Southern Pacific's most recent Annual
Information Form. Southern Pacific undertakes no obligation to update
forward-looking statements if circumstances or management's estimates
or opinions should change, unless required by law.  
The reader is cautioned not to place undue reliance on this
forward-looking information.  
"Barrels of oil equivalent" (boe) maybe misleading, particularly if
used in isolation. A boe conversion of 6 mcf to 1 barrel of oil is
based on an energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the
Southern Pacific Resource Corp.
Greg Foofat
Investor Relations
Southern Pacific Resource Corp.
Byron Lutes
President & CEO
Southern Pacific Resource Corp.
Howard Bolinger
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