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 > 30 day cure period

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Comment by marketdebentureon Dec 30, 2014 8:03pm

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RE:RE:RE:30 day cure period

the equity is worthless in under CCRA creditor The Companies' Creditors Arrangement Act ("CCAA") same with the debentures if there is nothing left to pay employee wages, secured creditors and suppliers. debentures are unsecured creditors unlike bondholders. and first lient line of creditors.

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