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 Eyeinvestoron Mar 25, 2014 9:11am

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RE:RE:RE:RE:Rumour has it

Eye don't have material or immaterial non public information.........BUT surely we must be asking ourselves "What gave STP's management the confidence to announce that they are installing more ICDs (at $1million a pop), overturning their previous cautious intention, unless they have something planned in the works to address the May cash crunch?" Shat? Nike?

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