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 2:41pm

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Post# 22829367

RE:RE:RE:SP

demarko wrote: If you believe in STP this is the opportunity to buy at these low levels. Going broke is not an option. Sub 15 cents is a steal

Why do you say going broke is not an option?

Sure, at these levels right up to around .40 - 50 cents, you could still see a return, especially if its a buyout (Which at this point seem's the most likely event), but at the moment, it looks a tad bleak.

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