Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.

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Southern Pacific Resource Corp

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Comment by pricecheckon2on Jan 08, 2009 3:02pm

254 Views

Post# 15691919

RE: Are we approaching peak coal?

First 167,972,234,187 emails on the pending peak oil problem which is now proven in the world to be NOT a problem as supply is significantly out pacing demand. Hence the $40 per bbl price and the horrible share price for STP.

Which by the way it trades below its cash value as the market sees the liabilities in this company higher than the only assets it has...cash!! Maybe someday after the "peak-coal" crisis is averted STP's bitumen will come on stream. By my guess sometime in the year 3019.

Take your money elsewhere folks, this thing is going to zero before it goes up to its pre-lofty $4+ share prices. You will have lots of time to buy back into STP when the rally starts. Of course that is if you are still alive when that comes!!

Go away LeGaneur, you are wasting precious energy distributing this non-stop crap that you propogate to the world.

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This junior mining stock offers billions in market exposure