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 > Explanation of the walk-down

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Comment by tp0052on Apr 01, 2014 12:19pm

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Post# 22395812

RE:Explanation of the walk-down

Thank Shat,

The one good thing a walkdown allows, is a chance for long term and new investors alike to get in at a cheaper entry point. I added more accumulation today @ $0.31. Holding long as per the norm :) It's nice to have the confidence now to watch our investments grow. The walkdowns are short lived, which is unlike what we all have experienced over the last six months.

Saving for my winter home in California, lol.

Cheers, GLTA!

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