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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 adamsighton Dec 11, 2013 11:39am
220 Views
Post# 21994480

Well

WellI see that the company is indifferent to its shareholders. Updates every 1/4 pathetic. I am sure they will retain IR because hey thats a good investment.
I am kind of glad I was right on the .10 thing as anyone on this team will have this on their resume for years to come.
All hail the bashers you were right, what fools we were. Anyone hoping for good news that are at work come tommorrow will sell too. Downgrades all around.
Now on to new business I would like to convince the person who spoke to the cfo to file a securities complaint. From what you have posted here I would feel it reasonable.
Please do so.
Booze all around.
I myself see a larger sell off tommorrow putting us on the floor maybe .08 as funds that need approval decide to sell.
I hope not but I can easily see it due to the time of the year.
If they get a buyer I cant see more than .40 a share.
Plant cost 450 million and needs another 60 million, senlac 100 million but working at 25% of original 5000 bpd
so lets say 390 million + 100 million. = 490 million + bitumen in ground- debt. and legal costs, early debenture payout.

In retrospect .40 may be too generous.
What do you think shat
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