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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 farmermanon Aug 01, 2014 10:24am
450 Views
Post# 22802181

Definition

DefinitionAs I watched the drop down to .17 this am I thought about what has been said by management and how good it really is.
I have to say although the daily grind down is discouraging the committment of management to fill our pockets is extremely encouraging.
On December 11th the company issued this news
https://www.marketwired.com/press-release/southern-pacific-announces-review-strategic-alternatives-enhance-shareholder-value-provides-tsx-stp-1861286.htm
The section to pay attention to is
"Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value."

According to wikipdedia and a few other sources
https://en.wikipedia.org/wiki/Shareholder_value
the statement is virtually a guarantee from management of a higher share price is it not? Obviously they cant control everything but its not like people insinuate where we are being kept in the dark just for the heck of it.
30 days before December 11th the share price was .60
this is when it started declining. I imagine that it takes a while to draft a plan to go about a review. So IMHO from what I have read I am hopefull management has a plan to increase shareholdeer value above .60
Strong production should do that, shouldnt it?
I know that everyone at STP has a job they value and they likely want to keep it. 
In difficult times companies bond together to make it work, I know mine did and people were rewarded as a result. For all the bashers and naysayers I say look between the lines. See the wording and the committment the company has made to us by making the statements they have. Look at the presentations where they say the hidden vaue of the ompany is the 444 million in non core reserves. If they were to sell this, sell Senlac  : (
and push production up with ICD installs would they not be acomplishing what they set out to.
Surely I have been disappointed a few times myself but in reality everyones jobs are on the line, these are good people who are no doubt pulling together for their own sake and both directly and indirectly for ours.
I have looked for more ICD applications and found none, has anyone seen any?
Is it possible even though the aer.ca has to release the info for public review the company is not filing for them under their name and only under site numbers or the aer is not releasing them due to request?
Does anyone know why they are only doing one icd at a time.

I am hopeful they will once again mix the good with the bad, the financials will come out and the production numbers and it will keep us stable.

When can we expect the production numbers from the software, does anyone have that please post.

Holding tight and keeping positive
Dave


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