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 LeGagneuron Dec 14, 2011 8:24am

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Post# 19320335

Selling the oil illusion, American style

Wednesday, November 16, 7:50 PM

We need to get off OPEC oil now, and we have the resources to do it, says T. Boone Pickens.

Things are going fall apart in the Middle East, and soon.

Saudi Arabia is on the brink, and at 9.7M bpd in production, if they come off line we'll be looking at oil prices around $300 - $500 a barrel.

That risk, plus the trillions of dollars in cost savings we would get from pulling our military forces out of the region, Pickens says, more than justifies ramping up our own production at home. (video)

Selling the oil illusion, American style

Part I
https://www.chrismartenson.com/blog/selling-oil-illusion-american-style/64852

Part II
https://www.chrismartenson.com/martensonreport/how-position-next-great-oil-squeeze