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 > Break Up Fee

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Comment by freedom45on Jun 03, 2014 12:11pm

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Post# 22625052

RE:RE:RE:RE:Break Up Fee

girls, a break up fee is what STP would pay for backing out of a deal if a better offer came forward. The new offering company typically pays it to the first company that had the deal cancelled..........I believe you are discussing a reverse break-up fee bbt that will not apply to STP if a deal is made..........................If the `icds don't work there is n deal...................if they do work why sell ??

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