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 > What if??

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Comment by nikeherculeson Mar 25, 2014 4:11pm

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Post# 22366343

RE:RE:RE:RE:RE:What if??

Management is greedy.

Lutes has 467,205 shares and 2,845,000 options, most of which are over $1.00 according to the "Notice of Meeting and Management Proxy & Information Circular".

850,000 are at 0.56 and expire November 3, 2014.

If he sells the company at a buck, he only gets his 2x salary, which is chump change compared to the potential rewards. Plus he take a 40% hit on his shares, which were paid for with blood.

Take a look at page 22 of the STB.DB prospectus and look at their forecasted share prices.

Let it ride....

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