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 > Lutes

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Comment by nikeherculeson Jan 31, 2014 11:40am

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Post# 22158354

RE:Lutes

Unfortunately, zero is a possiblity. If you remember, Desjardins just after the last horrible release called for a 0.10 price target and "little or no residual equity".

It looks like the Shat effect has worn off. I sure hope we're not looking at more bad news, but the SP seems to be pointing that way.

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@ the Bell: TSX advances to start off Christmas trading week