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 > Just an observation

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Comment by wdr2on Nov 18, 2013 7:39am

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RE:RE:Just an observation

Of course Suncor is the exeption to the rule.But most of their cash flow still comes from their open pit bitumen.They have the revenue to sustain the development of the SAGD type operations without carrying a heavy dept load like other SAGD operations.You can cherry pick all you want but the percentage of SAGD companies are sucking wind.STP.CLL AND THE ONCE OPTI part of Nexen all have serious cash flow problems.You know that full well.
wdr2

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