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 > Break Up Fee

<< Previous

Bullboard Posts

Next >>

Comment by adamsighton Jun 03, 2014 11:51am

253 Views

Post# 22624949

RE:RE:Break Up Fee

An LOI can have a fee but typically does not and in STP circumstance an LOI would not be accepted as a committment.
quote "It is the Company's current intention not to disclose developments with respect to the strategic review process until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate"end quote
A LOI would not be construed as a transaction.
Letter of Intent.
Perhaps you should start out with reading an investors guide.
So you can custom fit it I suggest looking into whether or not there is
AN INVESTORS GUIDE FOR IDIOTS
good luck with that
A

<< Previous

Bullboard Posts

Next >>

Global Tungsten Market and Supply Security