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.

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Southern Pacific Resource Corp > Bare in mind I may be wrong

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Post by farmermanon Jan 05, 2015 1:19pm

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Post# 23286503

Bare in mind I may be wrong

I think what has been done is they have used company money
(as is their right)
to buy stock under the stock plan
and then sell it for .01 a share
so they have a net gain of maybe .01 or if its a 50/50 plan a bit more
Slimy, without respect to the shareholders but
well within their rights.
But I could be wrong about the amounts.

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