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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp > Results

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Comment by Eyeinvestoron Feb 10, 2014 8:33am

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Post# 22190479

RE:RE:RE:Results

The results shouldn't matter for this stock. The strategic review has put either part of the assets or all of the company up for sale. It is ALL ABOUT the outcome of the strategic review and how much those assets are worth......................My prediction for the results and call 1. December production is the same or less than November : Management priority is about the workovers and this is at the expense of monthly numbers. 2. No real news on strategic review. Several parties are interested and have asked for data. 3. Company is proceeding with capex plans 4. Bankers have demonstrated their confidence in the outcome of strategic review by easing the covenant terms of the revolver.

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