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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp > Debs

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Comment by nikeherculeson May 09, 2014 3:13pm

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Post# 22545414

RE:Debs

That's an equivalent of 3.3 million face value of debs, not the actual number of debs.

Debs are a fantastic low volatility (but still high risk) investment. Note the debs didn't tank all that much on the news release. It reveals a great deal abou the psychology of the two respective securities holders.

There is a commission involved with buying the debs in addition to the trading fee, so they are not for trading.

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