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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp > Warp speed!

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Comment by CatCatCaton Mar 27, 2014 8:00am

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Post# 22374206

RE:Warp speed!

Shat, after been in and out of this since 06, and loading up in 09 and for being down a house in the last little while this news is probably the best we can get...like you said, it provides us huge breathing room to move this project forward which in the long run will provide everyone vested a nice healthy return.

My guess is after they reach some production targets (maybe end of year now with this influx) we will be bought out.

GLTAL

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