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 > My, My People - Have some faith?

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Comment by monzieon May 28, 2014 7:12pm

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Post# 22607681

RE:My, My People - Have some faith?

TP that's exactly why I don't believe some of these people who say they have lost faith and are unhappy.
Not only did the company halt capex but it also decided not to install the 3 ICD's that it already has approval
for and have sitting in their inventory. Even at the very least if these three ICD's were to produce an
additional 100 bbl/d each that would be an additional million dollars a month in revenue. Knowing the
situation that STP is in and seeing them decide not to take advantage of that extra income,
who can possibly think that something isn't in the works. I'd love to here a plausible reason from one of the
naysayers.

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