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 > For a fact

<< Previous

Bullboard Posts

Next >>

Comment by monzieon Nov 18, 2014 12:36pm

274 Views

Post# 23140260

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:For a fact

taurus69 wrote: Another poster echoed my concern that the asset sales could generate cash which is then never used for productive purposes (as happened with the new debt issue and nothing was done during the strategic review). For me, question is what do they do with the cash ... as you stated ... "what does 19M buy them in terms of Bpd" and will it be enough.

It buys them time. Read the MD&A again with regards to the 4 workovers

<< Previous

Bullboard Posts

Next >>

Canada Nickel unveils second of seven resources planned by mid-2025