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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, My People - Have some faith?

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Post by tp0052on May 28, 2014 6:53pm

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Post# 22607617

My, My People - Have some faith?

Holy Negativity on this board, as of late. I'm somewhat surprised at some long time investors here who are losing faith and obviously are not to happy. Good things will come for all of us, IMO.

I say, have some faith guys. Lutes and his management team are shareholders. The employees are shareholders. We are all shareholders in this endeavor. The ultimate goal of launching the Strategic Review in the first place, in case anyone has forgotten, was to ENHANCE SHAREHOLDER VALUE.

Everything happens for a reason and in my opinion the Management team has all of our best interests at heart. Have a little patience and it will happen. Like others here, I believe that something is in the works. Why else postpone capital expenditures when the money is sitting in the bank.

My hope is that a minority joint venture takes place and we all win down the road. Im interested in the long term value of this investment. What the share price does now, tomorrow or next month, doesn't matter to me. Like nikehercules and his 2016 debenture play, I am willing to wait with my COMMON SHARES to see real value down the road.

Here is the excerpt from the Dec 11, 2013 news release. News is imminent.

Southern Pacific Announces Review of Strategic Alternatives to Enhance Shareholder Value and Provides Operational Update

T.STP| December 11, 2013

CALGARY, ALBERTA--(Marketwired - Dec. 11, 2013) - Southern Pacific Resource Corp. ("Southern Pacific" or the "Company") (TSX:STP) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value.