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 > It will be an happy ending

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Comment by HRc60to65on Aug 30, 2014 12:54pm

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RE:RE:RE:RE:RE:It will be an happy ending

Since August 2013, 87 607 560 $ of bonds serie 30 june 2016 (6%), had change hands or 50% of the 175 000 000$ issue. That fact is prooving 50% of bondholders believed STP will succeed to generate positive free cash flow before december 31, 2014 and will buy back those bonds in june 2016. Those bonds (STP.DB) are undervalued at 9.98$ per 100$ face value. It shall be over 25$ per 100$ face value.

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