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 > My enthusiasm for STP is gettig weaker.

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Comment by alfinoon May 22, 2014 12:50pm

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RE:RE:RE:RE:RE:RE:My enthusiasm for STP is gettig weaker.

Just because someone buys something doesn't mean they are going to do something with it, and this is exactly my worry with STP . Would you pay the premium for an oil company in Columbia just because they bought some drilling rig in Halifax? I'm guessing you wouldn't , not till they take that rig to Columbia and place it and start drilling. these guys are using the loan to go shopping instead of putting it to good hard work.

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