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 > The only people that know whats going on

<< Previous

Bullboard Posts

Next >>

Comment by edmbondson Aug 25, 2014 8:42pm

414 Views

Post# 22876730

RE:The only people that know whats going on

It is not ironic. It is by design and is called the capital structure. Equity gets wiped first, then the converts, then the 2nd lien, then Credit Suisse. That's how it works. Potential return works in reverse order.

<< Previous

Bullboard Posts

Next >>

NervGen: Are amazing human trial results leaking out?