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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Post by awol1on Dec 07, 2010 3:37pm

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Post# 17814139

comments from stockchase

from stockchase...

DON'T BUY	0.000	Laura Lau	Oil sands Senlac project looks good but the McKay project is really their big one but the problem is how to fund it, which they are trying to do with a debt issue. Will be about 2 years before production.	2010-12-07

BUY	1.700	David Taylor, MBA, CFA	Once they bring their heavy oil project (McKay) into production, it’ll get revalued.	2010-12-06