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Southern Pacific Resource Corp STPJF

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

Comment by ShatnersRugon Apr 03, 2014 2:20pm
220 Views
Post# 22407222

RE:RE:Not unexpected

RE:RE:Not unexpected
monzie,

I can't blame them. Now is the time to pull this type of stunt. The earliest news release would be next week, providing an operational update. Although this would go against management's aim to provide only quarterly updates(mid-MAY).

At the end of the day, these smalltime price movements are affecting me less and less. Now that Phase I has proven to be commercial, it's only a matter of time before they reach capacity. My goal? To sell in 2019-2020. Shatner's crazy? Mckay(36,000), Senlac(5000), Red Earth(10,000). Not to mention any other developing assets or acquisitions. Assuming they manage ONLY a combined 80% nameplate capacity of the assets they currently have, that's 40,000+bbl/d (51,000 nameplate)

Coincidentally, 2020 is the year I plan to retire, and the timing of it all has nothing to do with my age. There is only one guy I know who has more shares than me, and his name is not Byron Lutes. And come 2020, it won't be 18-year old scotch that we will be drinking, but champagne from the stilettos of a $10,000 hooker.

That's my plan.

Shat-
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