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 > D-Day Coming

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Comment by Junit290on May 28, 2014 11:40am

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Post# 22605438

RE:D-Day Coming

Buck-your right about setting a stop. Good idea, but I'm prepared to ride this out. This is long term, and when you consider all we need to do is pull the trigger in Senlac and voila 4 months later we have 2000boe and that on too of any incremental production at McKay, we should have corporate breakeven. It'll be cutting it close but it's definitely doable. It might be a guy wrenching ride but I don't see this company going under.
If you read T2R's last post, it highlights the reality that there are way more positives than negatives for a failure.

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