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 > is patience an option though??

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Comment by ShatnersRugon Mar 03, 2014 2:59pm

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RE:RE:RE:is patience an option though??

I'm not following your train of thought. The article is attempting to focus on the uncertainty associated with STP. Where is the positive spin that you see?

It regurgitates news that is weeks old and even goes so far as to mention supply chain woes[resulting from Dakotas oil production], data that has been known and affected the oilsands for over 2 years now.

They go out of their way to mention anticipated cash flow loss despite the resounding success of 2P1.

This article is nothing more than an attempt to galvanize the sheep into selling STP shares into institutional hands.

Calling it as I see it. Thanks for the post.

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