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 > Tentatively optimistic

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Post by MikeC16on May 08, 2014 11:14am

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Post# 22538684

Tentatively optimistic

Well the news was okay with the conference call.
the fact that they have the supplies in hand to move forward with some of the other wells is good news.
cash situation seems stable.
overall the big drop seems a bit of over reaction.
Right now about 3.5 million shares have traded. That is really a very small percentage of the 395 m outstanding.
my order just filled at .23.
couldnt resist.
Cheers

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