Southern Pacific Resource Corp STPJF

RE:RE:1 million to 13 million in 15 minutes

[nikehercules]

Green24,

Thanks for the analysis.  For myself, I see no point in selling at these levels. However, if you were a big house and you had bought in at 1.48 last year during the offering, you'd look like a schmuck whether you sold at 0.38 or 0.25, it's still a huge loss and the difference in tax loss insignificant.

What we do know is the insiders typically tend to move the price on low volume - that's what caught alot of us off guard when this thing dropped from 0.75 to .60 - was it insiders or because the stock doubled the month before?. The true insiders who knew about the plant issues at Senlac have most likely already sold long ago. We all know McKay numbers are likely to be flat or slightly lower due to Pad 101 being serviced. The service rig on Pad 101's most productive well (150 bbls/day according to Deduction) was down in mid-November according to an insider post here (Zanadu will remember). The rig was ready to move to another well in early November, so we can assume Pad 102 will be down perhaps 200 bbls and the serviced well will still be below previous production rates.

Pad 102 is anybody's guess. I think the worst they can do there (barring mechanical failure) is hold existing rates.

Are we dealing with big houses having enough and dumping, or true insider information?

We do know that the Phase H well is back online, and that cost 150 bbls over the month in October. Has anything else happened at Senlac? What's the natural decline over the month?

Lot's of questions and a broken SP..........