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 > Sunshine Oil on Key Factors Contributing to SAGD Drilling

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Comment by nikeherculeson May 14, 2014 5:56pm

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Post# 22562566

RE:RE:RE:RE:Sunshine Oil on Key Factors Contributing to SAGD Drilling

Sageview was busy acquiring shares last year at 0.40 and took the SP as high as 0.56.

I estimate their cost per share to be around the 0.50 range. I know this because I bought just before their big purchase at 0.40 and sold into the Sageview wall at 0.50. They bought a huge number of shares in a 2 week period.

So far trading has been the only way to survive with STP.

Any offer between 0.50 - 0.70 will find alot of traction. I'd leave the STP casino quite pleased for anything above 0.50 .

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