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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 > My enthusiasm for STP is gettig weaker.
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Comment by bambuson May 21, 2014 9:39pm
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Post# 22585221

RE:RE:RE:RE:RE:My enthusiasm for STP is gettig weaker.

RE:RE:RE:RE:RE:My enthusiasm for STP is gettig weaker.
I am a bit confused as to where all the pessimism comes from, not sure what I am missing here... there still is the 150 mil loan in place; ICDs are purchased; putting them in place has been postponed due to the strategic review, but if no deal reached, everything will be put motion. I thought all those things drove the price to 0.30 in the first place. Are investors scared that the deal they are working on wouldn't be all that great for the stock price? That's just my understanding, wondering if there is something I am missing from the big picture here....
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