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 > As I noted before.

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Post by alfinoon May 09, 2014 4:23pm

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Post# 22545833

As I noted before.

I wouldn't bet on any 'leaked news', as we saw last week the big jump was initiated by big institutions to get the people started on buying and as it was proved to us there was no good news behind the big jump last week. and same is happening here again..they accumulated chap shares at .180 and .190 and now they want you to buy it at .250..unfortunately i believe this thing will go down all the way to .140-.150 before anything else happens and I'm pretty sure the sells are already triggered for next week. I am personally going to wait till those prices are reached before looking at this again..

cheers !

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