Southern Pacific Provides July Operational Update

Southern Pacific Provides July Operational Update 
CALGARY, ALBERTA -- (Marketwired) -- 08/19/13 -- Southern Pacific
Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today
provided an operational update for the month of July 2013 with
respect to the Company's STP-McKay and STP-Senlac thermal projects. 
Total Corporate Production 
Total Company production, including bitumen production from STP-McKay
and heavy oil from STP-Senlac, averaged 4,483 bbl/d for the month of
July 2013, representing a 3% increase from the prior month and an 8%
increase over May 2013.  
STP-McKay Thermal Project 
Average bitumen production for the month of July at McKay was 1,357
bbl/d, a 14% increase over the previous month. On July 8th, the
Company received approval from the Alberta Energy Regulator ("AER")
to proceed with the High Pressure Steam Stimulation ("HPSS")
treatment on the remaining five well pairs on Pad 101. The well pair
1P3 had an HPSS treatment initiated July 9th which was completed July
19th. The well was allowed to cool for several days and was placed on
stream in late July. Although early, the initial results from the
HPSS on this well pair look encouraging, with preliminary test
results showing a 60% increase in total fluid production (compared to
the previous month's average fluid rate) and oil cuts averaging about
20%. The pair will now need to be produced for several weeks to clean
out the stimulation fluid (condensed steam) and develop steam
chambers in newly conformed sections along the well pair length. The
next treatment on well pair 1P4 is underway. The remaining three HPSS
treatments are anticipated to be completed in the coming months.  
STP-Senlac Thermal Project 
Senlac heavy oil production averaged 3,126 bbl/d for the month of
July. The third steam-assisted gravity drainage ("SAGD") well pair,
K3, was brought on production July 12th but had to be taken down at
the end of July as a result of an electric submersible pump failure.
The workover was completed in the first week of August.  
Fiscal 2013 Results 
Financial and operational results for the fiscal year ended June 30,
2013, will be released on or about September 11, 2013.  
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
"STP."  
Advisory 
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
project.  
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. 
Contacts:
Southern Pacific Resource Corp.
Greg Foofat
Investor Relations
403-930-5621
gfoofat@shpacific.com 
Southern Pacific Resource Corp.
Byron Lutes
President & CEO
403-269-1529
blutes@shpacific.com 
Southern Pacific Resource Corp.
Howard Bolinger
CFO
403-269-2640
hbolinger@shpacific.com
www.shpacific.com
 
 
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