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Southern Pacific Resource Corp STPJF

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

Post by prairieboy1on May 08, 2014 1:52pm
358 Views
Post# 22539784

My Post

My PostI know my post provides no explanation for the current share price, but nothing else does either....

Bear kills Suncor employee on oil sands site in northern Alberta1 hour ago by Thomson Reuters

By Nia Williams

CALGARY, Alberta, May 8 (Reuters) - A female Suncor Energy employee has been killed by a bear on the company's oil sands base camp site near Fort McMurray in northern Alberta, a company spokeswoman said.

The large male black bear attacked the woman in a busy part of the sprawling industrial complex, approximately 25 kilometres north of Fort McMurray, on Wednesday afternoon. The employee was pronounced dead at the scene.

"We are shocked by this very unusual incident and there are no words to express the tragedy of this situation. Our thoughts and prayers go out to family, friends and co-workers," said Mark Little, Suncor executive vice president, Upstream.

"All of us need to focus on personal safety and I would urge everyone to be extremely vigilant in dealing with wildlife."

The Royal Canadian Mounted Police and Alberta Environmental and Sustainable Resource Development (AESRD) responded to the incident and the bear was put down.

Suncor spokeswoman Sneh Seetal said at this stage there were limited details of what happened but a full investigation was underway into why the bear attacked.

"It's a major industrial site with lots of noise and activity. Other workers tried to intervene," she said.

AESRD officers are in the process of installing traps and cameras and helping patrol the borders of the site, Seetal added.

Suncor is Canada's largest oil and gas company, with the majority of production coming from the oil sands, a region heavily populated with bears and other wildlife. Black and grizzly bears come out of hibernation at this time of year.

This is the third employee death on Suncor's oil sands site this year, although the two other incidents were work-related.

Seetal said she did not know of any other bear attacks on site. (Editing by David Gregorio)


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