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 MikeC16on May 08, 2013 4:10pm

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Post# 21353680

Hmmmm.....

First off Fort McMurray is about 8 hours from Vulcan Shat! I am in Fort Mac, STP has created a lot of buzz, doing some innovative things, especially with the rail shipping. The shipping yard is completely revamped and looking state of the art, I have seen it. Yes, a bit of trouble with a couple of well pairs coming on line and off, but this was definitely a possibility at start up, if not expected. Solid company, progressive ideas, seems to me (and I have met and listened to Mr. Lutes) outstanding leadership. Take over a definite possibility, especially with the location of there main assets wedged in with the big guys. I said I was deep enough, but I squeezed the trigger at .49 ... Couldn't help it! This is an absolute bargain in my opinion. Tomorrow will be interesting ..... Cheers!

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