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 kavephishon Aug 29, 2011 12:15pm

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Post# 18989624

RE: RE: McKay 2

We also have to consider market weakness as a general reason for the selloff. Look at majors like COS, HSE etc....they are down significantly as well. Maybe not to the extent STP is percentage wise, but down a ton none the less. Juniours with weaker cash flows are obviously going to get hit harder. The oils sands plays are going to be huge in the future, make no mistake. Keystone pipelines will be built, regardless of what the environmentalist hypocrites think. Canadian producers are well positioned to capitalize on this resource, and all the majors are getting involved as well. That's good enough for me, and STP will do us just fine.

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