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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 > While we are Speculating
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Comment by whatabuckon May 30, 2014 5:05pm
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Post# 22616746

RE:RE:While we are Speculating

RE:RE:While we are SpeculatingLet's say 7 + investment houses hold the majority of liens and Debs, each buys 7.5 mil common shares. They control the common share vote. Let's say they pay .23 share, they have bought insurance that a takeover or sale will happen. Each would have less than 10%, no need to declare. Total cost to insure is less than 15% of deb/lien total. This stuff happens all the time, specifically with small caps.
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