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 > At least the 18 cent wall is gone

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Comment by monzieon Jul 29, 2014 6:27pm

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Post# 22791955

RE:RE:RE:RE:At least the 18 cent wall is gone

nike I agree, why spend the $20 million if you're not guaranteed to get that and/or more back in the sale price. If there's interest in Senlac it's based on the current operation as it stands as well as the AER approval for expansion. It's like if you put your house up for sale and get a couple offers, would you then turn around and decide to add an addition to the house to see if you can get more on the offer? Not likely.

And you do deserve a good chiding for hoping for 15 cents, and if it does get down to that level I'm fighting you for those shares just so you know.

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