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 > AGM Date Change to Nov.20th

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Comment by oilcansamon Sep 21, 2014 10:03am

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RE:RE:RE:AGM Date Change to Nov.20th

The bottom line is " they need financing". Only way to get this is " show me the oil". So if they can increase production and show the money man they can actually make oil. They don't need to be at break even , just show a nice increase for the bankers to believe in them. Bankrupt for a producing oil company is not in the cards. Someone will take advantage of their misfortune and gobble them up before bankruptcy is even mentioned. It's the way of the oil world

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