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 rad10on Aug 30, 2014 2:33pm

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

HRc - you were right on the IBG debenture face off. I really didn't think they could pass the consent fee amendment, but I didn't own any of that series. Kudos to you.

I hope you are right about STP debs - I bought again yesterday. Walk me through your 25 dollar fair value estimation if you have a moment.

Cheers

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