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

Bullboard Posts

Comment by JJMAon May 18, 2010 9:13am

294 Views

Post# 17108567

RE: NEWS - Closing of $100.8 Million Bought Deal E

I noticed that the underwriters have not exercised their option to acquire more shares. That is usually a bearish sign. I guess that the underwriters still have some unsold shares on their shelves. I get the impression that this stock is not going anywhere quickly.

Bullboard Posts

Canadian government to fund Electric Royalties portfolio property