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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

Comment by Pandoraon Feb 11, 2015 3:08pm
342 Views
Post# 23419318

RE:RE:RE:RE:RE:RE:RE:STP

RE:RE:RE:RE:RE:RE:RE:STP
Todays news. Is this telling us something we didn't already know. They're not issuing the financials and that will result in a 'cease trade' order -- is that substantially different than the halt that is already in place?

CALGARY, ALBERTA--(Marketwired - Feb. 11, 2015) - Southern Pacific Resource Corp. (TSX:STP) announces today that it will not be filing the interim financial statements and management discussion and analysis for the three and six months ended December 31, 2014 and related disclosures ("Quarterly Disclosure"), which are due February 13, 2015. The Company's failure to file its Quarterly Disclosure will result in the issuance of a cease trade order by the Canadian securities regulatory authorities which will prohibit the trading of the securities of the Company.

The Company has previously announced a listing review of the Common Shares and Debentures by the TSX which will result in the delisting of such securities effective on February 27, 2015.


Read more at https://www.stockhouse.com/news/press-releases/2015/02/11/southern-pacific-provides-disclosure-and-listing-update#ERHQAScklu2mXOZg.99
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