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 pricecheckon2on Dec 13, 2007 11:10pm

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Post# 14018881

RE: LeGagneur

Please don't encourage him!! After a record setting 7237018974709712893706123466 posts per day of the same useless, repetitive information he has finally stopped ...sorta. One note on another post regarding big oil and the share buy-backs. They are doing this only because it is cheaper on a per barrel basis to buy their own reserves than it is to go drill for new reserves. Eventuallty of course this will change but not just yet. Also Imperial Oil who isn't big oil....owned 71% by none other than Exxon!!! Shell Canada another big player bought 100% and taken private buy Royal Dutch Shell. Finally, Suncror Petro-Can CNRL and all of the rest are owned about 90% by US based hedge funds and institutions. Don't kid yourselves that "Big Oil" isnt growing the business.

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