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 > AGM this afternoon .

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Comment by Awardedon Nov 20, 2014 12:54am

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RE:RE:RE:RE:AGM this afternoon .

Thanks, Nickhercules, for asking my questions and reporting back.

Besides the spacing error on 1P, the made an error in not keeping Senlac up to date.

It does not sound very good. There have to be more asset sales, new financing or some contingency plan to make the wells flopw better. , Otherwise, probabilty of bankrupcy is high. That is currently reflected in the share price.

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