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 kavephishon Sep 13, 2012 9:13pm

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Post# 20360655

RE: RE: This is interesting...news to me...details

Nice find OSB. I agree with Jinglehammer that the sales have probably more to do with expiring leases, however, timing with the recent bought deal financing, I wonder if other projects are going to be expedited, or if Phase I exp or Ph II are going to be approved earlier than expected, and now STP will have some of the cash to develop them?

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