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 > The Shat is back and you're gonna get in trouble!!

<< Previous

Bullboard Posts

Next >>

Comment by HRc60to65on Nov 23, 2014 9:45pm

289 Views

Post# 23157052

RE:RE:RE:The Shat is back and you're gonna get in trouble!!

Not to late to save STP. IF the production level generated a cash flow, equal or exceed the interest on the debt, STP can be save, by a restructuring. Reverse split ofcommeon shareholders Follow by conversion of debt (all bonds) in shares. Follow by injection of new capital or the residual cash flow is enough to invest in new wells.

<< Previous

Bullboard Posts

Next >>

Day trading vs. swing trading strategies for small-cap stocks