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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

Post by farmermanon Nov 20, 2014 10:45am
446 Views
Post# 23147630

yes no maybe so

yes no maybe soLawsuit or not
I see things playing out this way
Production climbs over the next 6 months by what wtf-knows
oil goes back to $80.00 WTI
The funds owning this agree and they roll back 20 for one if not more
raise the money and redrill senlac.
The story of low float and instant production will get investors it always does.
Then they will do another raise to drill out Mckay
Lutes salary will go back up and bonuses all the way around.


Moral of the story is we are all boned.
Not commenting on the review now is BS, its not transparency and there is an obligation to shareholders.......
But he seems to be entitled, THE AGM requires answers especially with the shareprice as it is
You want to play this, Nike is right get out and IMHO rebuy later....(if you are a gambler)




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