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Southern Pacific Resource Corp STPJF

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

Post by adamsighton May 13, 2013 5:48pm
290 Views
Post# 21396312

I

I

I hope no one sues the company over lost money (i dont know what grounds theyd have) or we will really be boned. The statements of we will do it in 18 months and the production so low have me concerned too. They wont go out of business as they can just dip back into the market and it is likely they realize this. I am concerned about the apparent lack of concern about the shareprice.

That is what is most disturbing, this team has always been proactive and just when its needed they clam up.

For the company not to do a press release to comfort the market is unacceptable.

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