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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp

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Post by rehsifylfon May 06, 2010 2:24pm

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Post# 17070595

Capitulation

Nothing like a good spring storm to scare the $#%$ out of you and clean out all the debris. Problem is that the flash flood ends up dragging lots of good stuff with it.

A 300 point drop in the DOW will signal the end of the correction IMO, and we'll start to return to normalcy over the next week or so. The Margin calls will be flying today and that will force some poor folks to have to liquidate shares in resource companies at these low prices.

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