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 > Scurvy be damned!!!

<< Previous

Bullboard Posts

Next >>

Comment by Eyeinvestoron May 09, 2014 11:21am

294 Views

Post# 22543865

RE:RE:RE:RE:RE:RE:Scurvy be damned!!!

Backwardblade wrote: Another speculation on the time delay of ICD intallation: Is is possible a very acceptable offer was made....Lutes says "SOLD"!....Buyer says "hold on...maybe plug in one more ICD, while we are going through our DD. We will make it contingent on this, and you were going to do it anyway"

-Cap-ex is effecitively halted
-ICD installation is slowed down, under the guise of prudent experimentation
-Break-up gives them the time frame to sort out the paperwork

Thoughts Gentlmen?

Nah. Much more likely is Deal is nearly done. Buyer has their own engineers. "Stop all your capex. We'll review the program. Thanks for your help. We'll take it from here...oh and don't forget to take your coat and all personal effects on your way out"

<< Previous

Bullboard Posts

Next >>

NervGen: Are amazing human trial results leaking out?