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 > Affidavit: "...McKay and Senlac ...grossly mismanaged"

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Comment by monzieon Feb 25, 2015 8:46pm

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Post# 23466098

RE:RE:Affidavit: "...McKay and Senlac ...grossly mismanaged"

I posted all this last week db with the same link it's quite an accusation against management for sure. I'm actually surprised the 2nd lien holders weren't able to stop the CCAA from being filed. But who knows maybe they'll enter into a bidding war against the 1st lien holders.

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