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 > Newbie Q on buyout

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Comment by LastUnderon May 16, 2014 1:32pm

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Post# 22570870

RE:RE:Newbie Q on buyout

So...

Option 1: They buy enough stock to become a majority shareholder and STP stock stays active - I ride the wave to future growth.

Option 2: They pay cash for STP and convert all STP to the parent company stock - I ride the wave to future growth.

Is there an option where I can't hold out for the long-term success in this play?

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