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    market news

    Southern Pacific Q4 Output Up On Higher Oil Prices

    Investing News Network
    Jul. 18, 2011 02:39PM PST
    Oil and Gas Investing

    Reuters reports Canada’s Southern Pacific Resource Corp (TSE:STP,CVE:STP) posted a 34 percent rise in production.

    Reuters reports Canada’s Southern Pacific Resource Corp (TSX:STP,TSXV:STP) posted a 34 percent rise in production.

    The market news is quoted as saying,

    April-June production was 4,915 barrels of oil equivalent per day (boe/d), up from 3,663 boe/d in the previous quarter.

    Petroleum and natural gas revenue before royalties was $30.7 million for the fourth quarter, compared with $18.8 million in the previous quarter.

    For the complete market news, click here.

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