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 > Pi Financial

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Comment by Backwardbladeon May 09, 2014 3:36pm

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Post# 22545546

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

I wish! I don't mean to pee in anybodys corn flakes, but before I go hoping that somebody is going to pay 600% for my stock, as is....consider this

Reserves are awsome! right up untill you try to get them out of the ground. I consider the ICD's right now, and if they were working...worth .40-.50 c. Going forward, we all project ALOT more obviously but that's a .25c bet right now.

Now think with your own wallet right now. Would you pay a billion dollars, for 4000 bbd? With only 2 months of experimental production? And deal with 400 million of debt?

In the Oilfield....it ALWAYS about getting it out of the ground! They don't call it FREE cash flow for nothing lol!

Yes, I know UTS went for 2.00 and change. But all they had to do with that proven reserve was dig a hole.

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Southern Ontario mineral processing operation receives green fund support