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 > numbers for each well

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Comment by monzieon Nov 11, 2014 4:31pm

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Post# 23118488

RE:RE:RE:RE:RE:numbers for each well

I wouldn't necessarily say I have complete faith, I have some hope and a bit of optimism left tho. However, I've made my peace with my investment decision and will stick it out regardless if it becomes a tax loss write off or a welcome surprise. Unless the financials say otherwise they should still have enough cash on hand to last until early summer next year, so they have until then to get the production up to break even at McKay inorder to secure some sort of financing arrangement or sell off some assets hopefully at non firesale prices. It's a gamble decision you have to make on your own tho.

As for today's total volume, it was more than the last five trading days combined so interpret that as you will.

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