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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 Oilfascinatedon May 09, 2014 2:49pm
307 Views
Post# 22545298

RE:RE:RE:RE:RE:RE:Pi Financial

RE:RE:RE:RE:RE:RE:Pi FinancialSTP's mid-term value should be much greater than $2/share given the P,P,P.  This is a multibillion dollar field with a company that is having trouble getting out of the ground what is shown to be there. 
Whatever happens to this company, once they, or whoever ends up owning this field, the oil will be produced for the next 50 years. 

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