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 > Want the stock down or?

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Comment by ShatnersRugon May 28, 2014 2:11pm

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Post# 22606405

RE:RE:RE:RE:Want the stock down or?

Absolutely correct, tp. Capex suspended until Strat Rev is done with.
However, there is nothing stopping the prospective buyer from fronting the cost of "ICD#5" in order to determine McKay's value in their eyes. They're already in the hole for the breakup fee, what's another million bucks to determine the final sale price? If and when that scenario does occur.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?