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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 ShatnersRugon Nov 15, 2013 9:22am
308 Views
Post# 21909035

Really big 'hiccups'

Really big 'hiccups'I don't mean to run it in, but it looks like Shatner was on the ball a few weeks back when he sold. The continual operational setbacks, Senlac's downward production trend, and the straw that broke the camel's back, the selling off of land (which to ME was a CORE asset)..... the company was simply not heading in the direction that I had envisioned.

In early 2012, when I was using another handle on Stockhouse, we'd discuss what STP would be in 1,2,5,10 years from now. We'd dream about having phase I and phase II operational and pumping out 36,000 bbl/day and having tropical drinks served to us by women wearing coconut bras on some beach.... bah. All a pipe dream.

Sorry guys. Dunno if STP will turn out like Connacher. Doubt it. But they can't get the oil out of the ground and the debt is still there. You guys who still have shares should have listened to Shatner.

Shat




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