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Southern Pacific Resource Corp STPJF

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

Comment by llennnon Nov 11, 2014 5:52pm
323 Views
Post# 23118779

RE:Confused

RE:ConfusedCome on who writes this stuff, you cannot cut enough to make any type of a dent, a barrel goes from 105 to 68 and your producing a couple thousand per day how can you cut, this is not a retail or manufacturing, this is a Hope dream now like Lue said, in other words you paid a lot so your able to dream about a turn around, that is what you paid for, so your strategy or a part of your portfolio is hope dream investments and you most remember this from various places a long the well pairs some formation other it's producing from the heel only so even in that well pair you cannot use a hope dream because it is not producing at a conformed length, therefore it will take a act of ones belief to make reality other than what it is,like gambling allows for the gamble to become  reality because it existed, but how does it exist here, by cut back?, by reining in by management, by changing the formation of the pay dirt that may never pay, I think your hope dream is really make belief, not a gamble
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