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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > None-Core Asset Disposition
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Post by hudson1234 on Aug 25, 2014 9:53pm

None-Core Asset Disposition

Does anyone know potential value of there 4 non-core assets (Anzac, Red Earth, Ells and Hanginstone)?

Would they have value anywhere near the $18.8 million value they got for Leismer in 2013? 
(https://www.shpacific.com/en/news/stp-2013-09-23_final.pdf)
Comment by farmerman on Aug 25, 2014 11:46pm
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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