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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Comment by GenuineTalkon Feb 10, 2011 11:10pm

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Post# 18114043

Lucky guys!!

North Peace sharholders gained 43% in one day. Not bad heh?

In Tuesday trading, North Peace Energy (TSX: V.NPE, Stock Forum) shares jumped 43% to 21.5 cents after the early stage in-situ oil sands player said it has entered into an agreement whereby Southern Pacific Resource (TSX: T.STP, Stock Forum) will acquire all of the issued and outstanding shares of North Peace. Under the terms of the arrangement, North Peace shareholders will receive 0.185 of a Southern Pacific common share for each one North Peace common share, or about 21 cents for each North Peace share.