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 > None-Core Asset Disposition

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Comment by farmermanon Aug 25, 2014 11:46pm

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RE:None-Core Asset Disposition

there are 444 million barres of contingent resource on those properties, value is really high, billions I think yet they sold the other property at .29 per barrel if I remember corrently for a total of what you said
I doubt they would get that now per barrel
Hard to say, would be nice as it would be all the money they need and more
dont hold your breath

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This junior mining stock offers billions in market exposure