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 > 10million acquired under .23 cents driving the stock low

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Comment by Duxingon May 15, 2014 2:36pm

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RE:10million acquired under .23 cents driving the stock low

However, if you look at McKay production rate from the current presentation, production in feb and mar is the best historically due to ICD installation: 400bpd higher than nov and dec. I did not see why the stock price being driven so low like this, and it should at least stay around .27 prior to mar 31 news release.

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