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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Post by MikeC16on May 16, 2013 12:20am

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Post# 21406489

Long term we will be fine ... But holy smokes!

Interesting week. I can't figure out who is willing to take the hits some of these guys have been taking to sell in the .30s .... With it dropping this fast small fortunes are disappearing for sure. As for me, I am holding 50000 at .74 then added another 18000 at .49 last week. I am confident in this long term and can see myself adding another 15-20k in the lower .30s if it gets there... Just need to take a deep breath and think of the upside potential, and not look at your income statement! I am in Fort McMurray and have seen the operation and met and listened to Mr. lutes. Big picture should work out, but these runaway losses ... Yikes, even the steady are wavering,

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