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

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Post by PeakOilBoyon Jan 08, 2014 9:40pm

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Post# 22072122

Y'all lazy

Shat went from a long term thinker to mr day trade. Blah blah blah. How is this not clear? The company said it needs $50mm it doesn't have. If the stock is going up it means the fat cats on Wall Street are looking to give them the money they don't have. Without it the equity is a zero. With it they get years to figure things out. SOR on this project proves what lutes is saying.

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload