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 > maybe the equity is not dead?

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Comment by poorgrammaron Jan 01, 2015 11:56am

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RE:RE:maybe the equity is not dead?

that's right Nike. Stp need more cash to survive the turbulence. I don't know asset liquidation would an option or not but all oilsand that can sustain the operational mode for the time being would triple or maybe quad in a year or so. I took recent interest in vry. This company is not in debt and isn't burning cash like coal. It's down all time low and investors are angry. Take a look

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