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 > Bearer of good news?

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Comment by monzieon Aug 12, 2014 6:53pm

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RE:RE:RE:RE:RE:RE:Bearer of good news?

Ofcourse he's guessing. Like himmler and someone else said a few days ago, everyone on here is guessing because no one knows anything for sure. IR says the ICD's are working as planned and there are/were no hiccups at any of the wells. So legally they would not be able to comment on it if it were not true. People are panicking, creating new found fears, or just bored of sitting on this stock so they're selling. The same tho g happened last week when it dropped to 13 from 15.5 and then the very next day it bounced back up 20% back to 15.5. You people just need to relax and quit playing the sky is falling routine. The company says everything is on track and their expectations on production are still being met, so I'll certainly take their word over any stock house poster.

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