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 > Price per flowing barrel vs share price

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Comment by Joelzinhoon Mar 26, 2014 12:23am

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Post# 22367815

RE:Price per flowing barrel vs share price

Well here comes my napkin math.

Futur ticker price @7500 bpd.

7500 * (price of barrel, $100) = 750k a day in Rev.
750k x (days in production , 261 (365-108[Lets give the boys the weekend off+ holidays they are working hard]) = 192M in REV

Forward Looking EPS
Rev = 192M
Shares = 400M
EPS = 0.48

Current ticker @ 7500 bpd
PE= 0.255/0.48EPS = 0.5312

ASSUMED P/E OF 16.
16/0.5312 = 30.12 MULTIPLE

.255 * 30.12 = $7.6809... Looking at a 2.8 Billion dollar valuation.

Please do correct me if my math isn't sound, or correct.

Thanks & Cheers.

GLTA