Southern Pacific Resource Corp. announced financial and operational results for the quarter ended September 30, 2014. Total company production, which includes bitumen production from STP-McKay Phase 1 and heavy oil from STP-Senlac, averaged 3,372 barrels per day (bbl/day) for the three months ended September 30, 2014. Heavy oil production was 1,408 bbl/d and bitumen production was 1,408 bbl/d. Total production was 3,372 boe/day.

Petroleum revenue, net of royalties was $27,114,000. Cash from operating activities before net changes in non-cash working capital was $1,031,000. Funds from operations was negative $12,175,000 or $0.03 per basic and diluted share. Net loss was $28,959,000 or $0.07 per basic and diluted share. Operating netback was $3,595,000. Operating netback was $12.02 per boe.