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

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Post by whatabuckon May 08, 2014 11:07am

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Post# 22538628

Gut check time

Been watching this site for over a year and reading stock bullboards. Some interesting info, some not. The STP bullboard has been an interesting read, some educated and well thought out comments. As most of you, I have held STP for over 18 months and have accumulated a lot more shares than I really wanted because of the continued price drops.
It would appear that Mr. Lutes and the Board have not lived up to the guidance that they have conveyed since first steam. Obvious that they can not move forward without concluding a deal, which in my opinion is probably in the best interest for all of us. I am giving them until the end of the month to either get a deal done or state that MacKay production rises to 3000/day. If not 200k is up for grabs. Time to face the fact that it will be several more years before this stock gets to a buck.

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How one company is disrupting PoC testing