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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Post by adamsighton Jun 17, 2014 10:45am

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Post# 22666457

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They are moving forward with ICD's to increase McKay production
They don't have enough money to do the infill wells, which is surprising unless as someone else has said, they have earmarked it for Senlac and that is moving forward, they had the money 2 months ago where did it go? Parties perhaps?.
Anyone want to drive out there (senlac) and look into it?
No mention of production, my guess is no change....
Company is hiding behind strategic review, if anyone has any connection with management it may be prudent to ask if RBC capital markets are still engaged or is STP doing the review themselves now?
Not happy with this BS but scum is what scum does.
To Harsh?
Strategic Review to Enhance Shareholder Value....
: )
ahahahahahah
lol
Now thats funny
A

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