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 > It's been fun, but unfortunately it's lights out.

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Comment by Joelzinhoon Aug 21, 2014 1:11pm

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Post# 22865629

RE:RE:It's been fun, but unfortunately it's lights out.

ShatnersRug wrote:
Spot on.

Frankly, guys, for those of you holding out for greener pastures ---> don't.

When the numbers are released at the end of September, the common shares should drop down to 1 or 2 cents.

There really is nothing to stop STP from going bankrupt now.

If by some freak of nature the share price reaches 10 cents, I'd suggest you liquidate.

Ugh, this is a rough one to take on the chin.

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