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

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Post by wdr2on Jan 23, 2015 9:25am

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It appears the Saudi's are doing exactly what they expecded

They will shut down all these junior oils companies that operate at way to high costs.The managers and the workers are the only ones that make anything off these plays.There will be hundreds of small to medium oils going under.Good opportunity for the wise people that put some cash in the can for a rainy day unlike these spend spend spend poorly managed companies whick appear to be the norm especially in Alberta.
wdr2

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Advancing flagship Ishkõday Gold Project in Ontario