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 > STP.DB - Caution - Fees Ahead!

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Comment by demarkoon Mar 22, 2014 3:48pm

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Post# 22356004

RE:RE:RE:RE:RE:RE:STP.DB - Caution - Fees Ahead!

Man this whole debenture stuff got me "googling" on what the term means and this whole STP.DB.

Call me "green" on this but what i make of this is: Your basically lending money to STP and getting a return on it at X amount of interest. You can do this on the open market by buying STP.DB.

Am I wrong Rad?..thanks people

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