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 maramos98on May 15, 2013 5:51pm

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Post# 21399569

RE: RE: Take a deep breath

Every morning i dread the opening bell.

Multiple institutions must be dumping their holdings. The same guys who bought into the "bought deal equity financing" at $1.45.

"Pursuant to its short form prospectus dated September 21, 2012,

the Corporation issued 55,625,000 common shares (“Common Shares”) at a price of $1.45 per Common Share for gross proceeds of $80.65 million. This amount includes 3,900,000 Common Shares exercised under the previously announced over-allotment option. "

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