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 > MY GUESS

<< Previous

Bullboard Posts

Next >>

Comment by HRc60to65on Dec 04, 2014 6:33pm

306 Views

Post# 23197286

RE:RE:MY GUESS

I am agee to "STP will now open discussions with the second lien debt holders about converting them over to equity." Bondholders as second lien debt holders will be paid in full with new shares or a combinaison of new bonds ans new shares. The new bonds will have the same seniority. Yhanks

<< Previous

Bullboard Posts

Next >>

Global Tungsten Market and Supply Security