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 > While we're waiting....

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Post by nikeherculeson Jun 25, 2014 4:39pm

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Post# 22694699

While we're waiting....

I don't think much is going to happen in the next few weeks. 2P5 is being ramped up and hopefully Lutes & co. manage to ink a deal without dropping their shorts too far.

So with no STP action, look to others for some light reading.

For an example of an ugly end to a strategic announcement, look no further than ARCAN resources. It's by no means comparable to STP, but makes for interesting reading on these days when STP just sits.

https://www.arcanres.com/wp-content/uploads/2014/06/CALGARY-31156101-v9-Press_Release_Aspenleaf_Transaction.pdf

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