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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-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.


GREY:STPJF - Post by User

Post by awol1on Mar 28, 2010 10:37pm
412 Views
Post# 16933712

buy out?

buy out? I;m guessing that it would be in the interest of another company to try for a buy out before the sagd project is approved.  I think once approved, the price will start to bounce closer to ARN's numbers... Here's hoping that the news last week cause a bunch of people to take serious notice of STP and want to jump in before any buy out talks are considered.... just my thoughts or hopes....

 We are still a bit from the application being approved.  The recent released shows they expect approval in the fall of 2010, a bit later than initially menioned, i believe we were expecting this relatively soon now but i guess that's been delayed for unknown reasons.
 They are also working on the additiona project application.

My question, once approval is given and assuming they will get the money in place, how long will it take to have the plant fully up and running?
 good luck to all...!!!!
I'm still not sure how high this one will go, although will be nice when and if we get some jump toward ARN's numbers....(my hopes at the very least)
 
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