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 > Time to add more?

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Post by alfinoon May 16, 2014 12:38pm

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Post# 22570475

Time to add more?

As a long term holder of STP I have always bought more shares on dips, and .23.25 doesn't look too bad. However, lets be honest, not much has changed since the news came out in the beginning of this year, i am just afraid we will dip even lower to .15 area we were at back in Feb -March. Any opinions on what might help the price stay at these levels till the next news comes out? too me the only reason price is at this level is because of the low volume, higher volume will give us a better idea on where it is heading..

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