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

Post by coolaidmlon Feb 25, 2011 1:18pm

433 Views

Post# 18194876

Insider Selling

I was just looking through the most recent insider list on my trading platform and have noticed lots of insider selling over past few days. I never like to see this as it can had an adverse affect on stock. Could be why stock hasn't moved more? Thoughts?

2/24/11	Clark, Jon Peter, Director of Issuer	-50,000	Acquisition or disposition in the public market at $1.91 - $1.91 per share.	$-95,500
2/23/11	Clark, Jon Peter, Director of Issuer	-360,000	Acquisition or disposition in the public market at $1.899 - $1.899 per share.	$-683,640
2/18/11	Clark, Jon Peter, Director of Issuer	260,000	Acquisition or disposition by gift at .50 - .50 per share.	$130,000
2/16/11	Antony, David Michael, Director of Issuer	-105,000	Acquisition or disposition in the public market at $1.88 - $1.88 per share.	$-197,400
2/15/11	Antony, David Michael, Director of Issuer	-145,000	Acquisition or disposition in the public market at $1.84 - $1.84 per share.	$-266,800