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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Post by kingshaneon Jul 17, 2007 10:22am

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Post# 13100448

Did you read the bottom of the news report?

You might have missed this! Land Purchase Southern Pacific is also pleased to report that they have acquired an 80 interest in an additional 24 sections of land at the July 11, 2007 Crown land sale. This increased acreage includes 11 additional contiguous sections of land at South Leismer; the new land is at the south end of the property which follows the oilsands trend on the property. This additional acreage was not included in the resource figures above. The Corporation now holds an 80% interest in a total of 125 sections of land (64,000 net acres) in three core areas. It plans to continue with its aggressive acquisition strategy in the future.

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