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 > STP Debs vs. The Rest

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Comment by monzieon Sep 03, 2014 10:46am

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Post# 22900895

RE:RE:RE:RE:RE:RE:RE:STP Debs vs. The Rest

Yes I understood what you meant by whacked. But what I was saying is are you basing this whacked scenario on the current 6 cent price, or like most people on this board basing it on the much higher price that STP once was. Keep in mind that every half cent from here is about an 8% uptick or downtick.

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