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 > This might be rehashing old wounds....

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Comment by rehsifylfon Sep 11, 2014 12:27pm

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RE:RE:This might be rehashing old wounds....

Actually heard the name of the courter - last week. They have bags and bags of money and have been looking to get in heavy oil for some time.

It was close. Very close to a done deal. Did not hear any of the terms, but can pretty much guarantee they were offering equity holders more than 5.5 cents/share.

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