STP

Nu finns en uppdaterad företagspresentation att läsa:
http://www.shpacific.com/en/presentations_profile/stp-presentation-2011-01.pdf

Bolaget kan vara skuldfritt redan 2016 (McKay phase 1 investering återbetalad)

Pre-Tax NAV per Share: $5.09

I Senlac producerar idag STP ett genomsnitt sedan 6 månader på 4.235 bpd.

Kommande:
-Senlac Phase H (2 SAGD well pairs) expected to be producing in March 2011 and the also Phase J possibly in October 2011.
-McKay Phase 1 construction updates. Production of 12.000 bpd to start feb/March 2012
-McKay Phase 2 application to be submitted during summer 2011. Already a 10.000 bpd opportunity at McKay 2 identified but this may, after this winter core hole drilling program, to grow up to be a 20.000 bpd opportunity.
-Red Earth, Q2-2011, restart pilot project. Objective is to produce 10.000 bpd.

"Assuming Phase 1 of the McKay project is executed as expected the Corporation will have overfounded its projected budgeted project costs. Therefore the Corporation has negotiated the option to prepay up to $US50 m of the loan...."
http://www.shpacific.com/en/news/stp-2011-01-07.pdf

This is BNN analysis for early this spring and way before the news regarding e.g. successfull financing of McKay 1, the competion of the purchase of Red Earth etc

BNN yesterday, Guy Gordon, Byron Capital says $3.75.
http://watch.bnn.ca/#clip285573

"The Red Earth project can also be developed concurrently over the next 9 months without significant adjustments to our existing budget plans"
http://www.shpacific.com/en/news/stp-npe-2010-09-27.pdf