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 > Immediate impact on SP after a sale announcement

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Comment by CatCatCaton Jun 03, 2014 10:38am

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Post# 22624502

RE:Immediate impact on SP after a sale announcement

The halt would come before any announcement from Lutes and come off after announcement

The .40c and/or shares would be paid at closing date (you can sell anytime after announcement (although it may not be excepted and we may get more, so its best to hold until closing announced JMO) if you wanted the shares, you would have to wait until after closing and then sell

The breakup fee is not normally a percentage, its a negotiated fee.

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