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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 MikeC16on May 08, 2014 12:24am
376 Views
Post# 22537028

Disappointed but not giving up

Disappointed but not giving upHello all
i don't report in often but read regular
as a holder if almost 167,000 shares, bought as low as .14 and all the way up to .86, I have a lot of mixed feelings.
obviously, this is taking longer than anticipated to move, on my part at least. At an average share price of .32 this week had me thinking the world may be all roses as far as STP and the news today would make me smile :( for the life of me I can't figure out the tactic of keeping us as shareholders in the dark all the time.
all that said, I am in Fort McMurray, have seen the site and met Mr.lutes and have been impressed. I have sunk real cash in, and am content to wait. My opinion would be a sale right now would not be to our (my) best interest but again we won't have much say in that.
all I can say is hold on for the ride, and if you are a real gambler buy some @ .22 tomorrow at open. Overall we should be okay. .60 is really only a couple days trading with some good news away, but lord give me strength to wait !
Cheers
Mike C
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