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 > Feels Imminent

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Post by rehsifylfon May 23, 2014 1:38pm

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Feels Imminent

I feel like something is definitely close here. It seems now more like a buyout, than a JV. Some indicators have been posted on here. Others are just rumours. That said - right up to the day before last results the market believed results were good. Or maybe they thought the deal would close and be announced with results. Either way. Market was wrong. Tom Petty was right. The waiting is the hardest part.

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