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 PeakOilBoyon Feb 21, 2013 10:16am

241 Views

Post# 21022073

RE: RE: RE: RE: 1000 BOD/well

I have one more pile of dry powder waiting. I am too big in this name, but i keep telling myself: The geology is there, management is there, and the plant is running well/not a science project. I honestly don't know of a cheaper stock with a better growth trajectory. No bank covenants should almost ensure we get there. But i still have to knock on wood. 50% an average day's volume in one hour at the $1.00 level. As much as I want to buy at .50 I'd like to see that level hold.

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