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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.


GREY:STPJF - Post by User

Southern Pacific Resource Corp
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Comment by goingtothemoonon Sep 24, 2010 12:50am
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Post# 17487026

TAKEOVER

TAKEOVER
A takeover could be just around the corner after the 'formal approval' in a couple weeks.   That would solve the financing problem pretty quickly.  Worst case scenario is share dilution, although lutes did say he wasn't going to resort to that.  Either way this project is going to happen, STP is in a great position.  We just have to break the 1.20 barrier and we'll be on our way to big returns.  
Takeover Target  -----  IMO
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities