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 awol1on Apr 14, 2011 12:20pm

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Post# 18431240

Nuttal's comments from stockchase

from stockchase.... on

BUY

1.750

Eric Nuttall

Oil sands company. If you believe in $100 oil, the NAV is about $3 on their proven plus probable giving you about 600 million barrels of contingent resource which are much higher risk. $3 gives you a little less than a double. Debt is a little high but is fully funded and could be a takeout.

2011-04-13

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