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 > July production out of McKay

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Comment by edmbondson Sep 05, 2014 4:09pm

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Post# 22911246

RE:RE:RE:RE:RE:RE:RE:RE:July production out of McKay

The mentality is not different, the circumstances are. All stakeholders want to maximize he value of their positions all of the time. Sometimes this means being a bit strategic.

Yes, the common equity got holder got something with YP ... but that something was half a new share for every 100 existing shares plus a 1/4 of a warrant. That is almost zero monzie.

Equity has a hope with STP but it is based entirely on what operations can do at Mackay to get production up and costs down to attract new funding. The debentures have the best risk/reward at the moment.

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