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Southern Pacific Resource Corp STPJF

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

Post by adamsighton Jul 14, 2014 11:55am
474 Views
Post# 22742768

Im surprised

Im surprisedThat Ir would say the review will end at the end of the summer, I am not calling anyone a liar but I am surprised!!!!
If this ends up being the case my guess is they will get sued.
Its all confidential and no one gets a heads up, just like they told farmerman
Lets say hypothetically a fund in calgary got the heads up the review would end and taking a wild guess that senlac would be sold, this would be bad for the share price so to save capital they starting selling their stock how would it impact the review? who would be liable?
would the insurance the company has protect it from litigation?
Whos to say, I am only asking questions here. 
But to see it posted to the board then selling begins is a big coincidence isnt it?
There was no news on the review ending at the end of the summer, if it does.
Should be interesting times for all....

It was a great stampede
wee hah
A
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