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 > Sell of the Company?

<< Previous

Bullboard Posts

Next >>

Post by Taajireon Feb 22, 2015 11:23am

352 Views

Post# 23452472

Sell of the Company?

Its the best interest of the shareholder's for the company to be sold at a fair and deacent price.

There are some large player's out there that are also engaged in the SAGD way of extracting oil...i.e. Conocophillips would be a good candidate. Plus Cononco is already invested in Surmont projects of Fort Mcmurray so this would give them an edge over other players in the oil sands.

So if the company does sell, what price do you think it would be sold for, and how would that translate to our share prices?

Thanks

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario