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 12, 2010 11:26am

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Post# 17089808

National

Client of National sure wants out of this stock. So far, every sale today from that house - they keep piling it on at 1.10.

My speculation is that National is letting TD and Cannacrap close out some shorts at 1.10. Normally you'd see a big cross. Wonder how many shares he has to sell. Anyway - I grabbed some at 1.10, because looks like the MMs are letting this stay where it is as opposed to pushing it down.

Move should start next week back to at or above the offering price.

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