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

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Comment by scissors14on Mar 23, 2007 2:07pm

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RE: A Longer Term View - Extraordinary Potential

Enerplus Resources Fund (ERF-U CN): The oil and natural gas income fund said it agreed to buy 90 percent interest in the Kirby Oil Sands Partnership, a privately held partnership in the oil sands fairway of Alberta, for C$182.5 million. The shares rose C$1.07, or 2.2 percent, to C$50.51 yesterday.

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