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 > Rumour has it

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Comment by adamsighton Mar 24, 2014 8:45pm

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RE:RE:Rumour has it

I hope they are not that stupid.
Senlac could easily be back to 4000 bpd
EASILY
This would take them past the 5500 bpd, faster than a buffalo fart.
There would be profit by septas long as icds keep doing what thy have
. I would rather see dilution than that.
I think the stock would get pounded. Mackay is still iffy.
Sure debt would go down but so would income.

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