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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 > STP'S future or lack of it.
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Comment by freedom45on Aug 25, 2014 11:28am
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Post# 22874730

RE:STP'S future or lack of it.

RE:STP'S future or lack of it.I must assume that this news was announced because it became official with the boards final decision. GF spilled the beans earlier with his comment to Nike about end of Summer. Lutes and the board have had some time to put plans in place prior to the material change pr Declining all offers. They do not appear concerned. They consistently stated the plan next PR was to be released with financials in September and you can be certain the bd could have delayed further if they wanted to buy more time securing their future. These are ruff times we can all see that but this was always considered a wise executive group and that hasn't changed. It may be as soon as the next 20 business days to find out
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