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 > Desjardins initiates STP at hold

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Comment by BayStreetRaideron Nov 26, 2013 10:52am

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Post# 21941932

RE:Desjardins initiates STP at hold

Desjardins put a price target of $0.50.

Their report is titled "I still haven't found what I'm looking for", alluding to the uncertainty around future ramp up at STP. Within it they make the case that STP remains a 'show me' story and that the next several months will be absolutely crucial.

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