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 > Last post was loooong

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Comment by bambuson May 28, 2014 8:55am

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RE:RE:RE:RE:RE:RE:RE:Last post was loooong

I think they are serious about selling or going with JV partner, and one big indication of that is holding back production. New owner/JV will want to spend the money their way, and use their own strategy as to how to move forward.
Will STP be successful in getting the deal they want…time will tell. I do believe the decision will be announced sooner then later, they can’t be holding back for too long.
If they decide to go alone, well, SP will probably go down until some true progress shown…

just my opinion

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