STP

*Proved reserve rises more than 11 folds
*Expects STP-McKay project to get approval in Sept

Aug 19 (Reuters) - Southern Pacific Resource Corp´s [STP.TO] full-year proved reserves soared, helped by its acquisition of a project in Saskatchewan late last year.

The company reported more than a 11-fold rise in year-over-year reserve to 6.8 million barrels of oil equivalent (mmboe).

The company said the acquisition in November 2009 of the STP-Senlac Thermal Project, an operating steam-assisted gravity drainage project in Saskatchewan, helped the increase in proved reserves.

STP-McKay Thermal Project, a 12,000 barrels per day of bitumen production project, is expected to get approval from Alberta´s regulatory authorities in September, the company said. It also said its proved and probable reserves rose 220 percent to 178.6 mmboe."
"http://www.shpacific.com/wp-files/News%20Releases/2010/STP-2010-08-19.pdf

Här dessutom en färsk PR ang massor av intressant info:
SOUTHERN PACIFIC APPOINTS DEBT FINANCING ADVISORS AND PROVIDES OPERATIONAL UPDATE
http://www.shpacific.com/wp-files/News%20Releases/2010/STP-2010-08-12.pdf

Och här en interview med CEO daterad 2 Juni
http://watch.bnn.ca/commodities/june-2010/commodities-june-2-2010/#clip308841