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 > Another Canadian success story

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Comment by nikeherculeson Dec 31, 2014 12:10pm

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RE:RE:Another Canadian success story

Fact is most of these juniors are started up on a kitchen table or a bar. A "rigpig" decides that working as a drone at Imperial Oil and decides to build something. That takes guts, and if we didn't have people like that willing to take a risk we'd only have ExxonMobilHuskySuncor to invest in. That's how CNRL got started and Crescent Point got started.

I have more respect for the rigpig who tried and failed than the corporate drones at Imperial.

But I do agree with WDR's ultimate conclusion - most quality juniors will find it easier to deal with private equity financing. Us retail will only get to invest after the risk/reward has been absorbed by private equity (ie MEG Energy). What's left for the public is likely no good - they couldn't get private funding.

‘Falling through the garbage can': TSX Venture sinks to record low amid resource sector woes
https://business.financialpost.com/2014/12/09/falling-through-the-garbage-can-tsx-venture-sinks-to-record-low-amid-resource-sector-woes/

Can the once-mighty TSX Venture Exchange be saved?
https://business.financialpost.com/2014/12/27/can-the-once-mighty-tsx-venture-exchange-be-saved/

..and it is interesting to hear about the STP politics over the past year, but it still sucks seeing one of your favourite hockey teams get knocked out of the playoffs. I made some money this week on MEG, having bought at $15 but it's nowhere near as satisfying watching the little junior defy the odds.

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A junior copper-gold stock trading at a bargain of monumental proportions