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 > Can't wait to see what TD has to say now

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Comment by adamsighton Mar 26, 2014 5:19pm

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RE:RE:Can't wait to see what TD has to say now

All true what you say, but in fact it is time to pop corks as no one lends out a 150 million without strong company fundamentals.
Yes they got a long ways to go but this is now ground floor in a well financed play with lots of potential. I wouldnt be so enthused f it was thesale of senlac.
They debt is high but it is at a turning point and they just secured the money to pay the deb interest and do what they need to do.
So I say pop some corks ride it but dont be too greedy
A

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