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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp > SP

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Comment by Joelzinhoon Aug 11, 2014 1:23pm

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Post# 22828933

RE:SP

I hope so. I'm in around 6k at avg. 0.30.

At this point though, things don't look very good. Even with a buyout, or joint venture, I am hoping it could push the SP to at least .30.

So odd, they took the neccesary steps to secure financing, distribution, logistics, and it seem's as if everything is unraveling.

Can I see it going back to .20...Of course, but not very likely in the coming months.

GL to everyone. This one definitely is a ride.

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