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 kavephishon Mar 24, 2012 1:38pm

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Post# 19713624

RE: when is the next earnings report

Next earnings report should be first or second week of May, but don't expect any surprises as their production has been relatively flat. Yes, this stock should easily rise above $2 in the near future. Institutional investors are piling on (Raymond James bought another 800K shares first thing Friday morning) and we will have several milestones reached in the next 2-6 months. When the oil starts flowing, so will the money. The only question we should have is how long to let this winning horse run.

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