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Southern Pacific Resource Corp STPJF

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

Post by farmermanon Dec 13, 2014 9:49am
413 Views
Post# 23227199

A VERY MERRY CHRISTMAS

A VERY MERRY CHRISTMASWell my moola in this is done
But
I find a wierd sense of satisfaction
if STP goes broke management will have a tough time finding a job
Yes they can open some other kind of play but if your an engineer and the whole sector is 
in the toilet what use to another play in some other industry are you.
I don't like to use the word loser, I like to think act with the best intention (this is slowly being ground out of me)
But I hope lutes is over financed and looses his home, heck I hope he looses everything
Home, car, wife, family career etc
The buck stops with management, raising money to drill out senlac and not doing it was irresponsible to say the best.
To put the company in a review, lock down news, do a news release to get production up and thats what saying the money to drill out senlac was. Then not doing it and we cant tell you why.
Where is the fiduciary obligation?
So if you guys feel that is honesty and that is how things are done it is your right to offer that opinion. You all know what mine is and as such I believe that he deserves to loose everything.
Sadly he will probably come out on top
IMHO
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