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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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Comment by errussellon Sep 15, 2012 12:31pm
408 Views
Post# 20367470

RE: Interesting - Large Bid

RE: Interesting - Large Bid

Its pretty obvious that institutions want in with production starting in two weeks. Management is now looking at the next stage of development. With a steady source of income and big money in the bank this has become a good long term investment with likely a dividend souces in the future.

Dividends are very popular in the oil and gas bizz!

 

Info has this going in to production in 2 weeks...a little a head of schedule....I supect word has gotten out earlier and that is why we have seen the increase in buying!

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Dealroom for high-potential pre-IPO opportunities