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 > Generational Buying Opportunity

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Comment by nikeherculeson Mar 03, 2014 12:43pm

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Post# 22273365

RE:Generational Buying Opportunity

Shat:

I would agree. The ICD's are working and a definite game changer. Patience is what is required here.

See my previous postings for cash flow and production. With 700bpd being spit out of 2P1 pretty much immediately, STP will be in a better position to negotiate with the bank come May 31st.

BTW: I am responsible for about 30% of today's volume.

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