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 > Just an observation

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Comment by himmleron Nov 18, 2013 10:29am

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RE:RE:RE:Just an observation

You stated in your previous post that the business model is broke....its not.If you think that then get out of Canadian oil stocks.There will be more sagd projects than open pit oil mines in the west..not to offend you but unfortunately that is a fact...just do a bit of homework and you'll see.I am not cherry picking as I dont care about the companies that YOU cherry picked,I only care about STP.We all knew ,or should have ,I know I did,that SAGD is risky ,costly,long term,and expensive and I took a risk with STP and lost so far.Do your own DD (worn out phrase) lol,on any future oil stock and keep away from anything SAGD,unless like me,you take risks.
All the best though,

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