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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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Post by petropigon Feb 28, 2013 6:51pm
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Post# 21058423

IR

IR

I have been a shareholder since 2007 and I'm starting to get impatient to say the least.  Out of all investments, STP is my longest hold and also the biggest loser. I've met Byron personally in the past who was open and upfront.  I think that Greg FooFat could be a problem as he is the conduit to all shareholders these days.  Personally, he doesn't sound too professional or competent when asked specific questions.  When I contacted him regarding Wellpad 102 and demanded an answer he responded by stating that the situation with 102 is a "minimal  remedial service issue which will not affect production and if it did STP would be required to disclose this material information via a NR".  I unfortunately believed him and bought more shares inJanuary after hearing that production would not be affected .  I am looking forward to attending the next shareholder meeting.  Let's hope for the best!  

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