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 > Immediate impact on SP after a sale announcement

<< Previous

Bullboard Posts

Next >>

Comment by bmofoshizzon Jun 04, 2014 7:44pm

298 Views

Post# 22631386

RE:RE:RE:RE:RE:RE:RE:RE:RE:Immediate impact on SP after a sale announcement

I think the Credite Suisse loans for STP and CLL were extended knowing that an impending acquisition was in the cards. The loans give both companies some breathing room and consequently a bit of bargaining power (leverage for leverage). Hence the minor change of control exit fee in both.

<< Previous

Bullboard Posts

Next >>

This junior mining stock offers billions in market exposure