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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

Post by JR5on May 01, 2014 12:32am
299 Views
Post# 22510864

It's proof of concept

It's proof of conceptIt's all about increasing production one ICD at a time. If each install results in a 50% plus increase in production then the design targets will be reached by the end of the summer. If you wait that long then you miss the boat. I'm expecting a continued move upward in price with a significant move up after the news release. Forget PE ratios and cash flow at this stage of the game.They don't want to disappoint the market again and with the month end numbers in and recent stock action I would guess the news will be that the new technology works.

Cheers,

JR.

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