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 > In the event of a sale

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Comment by oilcansamon May 08, 2014 9:00am

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Post# 22537610

RE:RE:RE:RE:In the event of a sale

perhaps the loan was a play by Lutes just to show potential buyers that "we dont need to sell" we have money in place to keep going. If going to purchase something and i know they are broke and have. I will offer a low ball. If they have money and they "dont need " to sell. the offer will go up.
my thoughts only.
i need another coffee.lol

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Paramount Resources signs $3.32 billion asset sale