Southern Pacific Resource Corp STPJF

RE:RE:RE:RE:Remember to always.....

[nikehercules]

No matter what happens. Sale at 0.50 or 0.70 or whatever - bigger picture this is bad bews for Alberta's junior oilsands market.

STP has the best management and engineering team and even these guys ran into trouble. They even had Senlac pumping out huge amounts of free cash flow it just wasn't enough.

Unfortunately, we're going to continue to see less funding for the junior oilsands and state owned enterprises swooping in and taking valuable canadian properties that have been de-risked by us - the shareholders.

So I'm not exactly going to feel exactly great when the deal gets announced and we all get paid if this does involve the Chinese. Once upon a time, these STP shares had alot of potential. Now all that potential might be headed over to Beijing.

....and next thing you know I'm being asked to train or utilize foreign workers to keep costs down. Oh wait...I already am.

I'd like a deal with Grizzly - but those boys have trouble paying their invoices. Unfortunately, PetroChina has the bucks.

With the unmatched financial backing of PetroChina, one of the world’s largest energy companies, we are making bold strides in our aspirations to produce 400,000 bbl/d from two high-quality assets: the MacKay River and Dover oil sands leases. In MacKay River, we aim to produce 150,000 bbl/d bitumen (with a fully approved initial phase of 35,000 bbl/d scheduled the start-up in 2015). And in Dover we are targeting production of up to 250,000 bbl/d with Phase 1 producing up to 50,000 bbl/d.

Just fncking wonderful. i do not want to learn mandarin