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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > realizing stp is pretty boned
View:
Post by adamsight on Mar 14, 2014 12:38pm

realizing stp is pretty boned

Does anyone remember much about red earch sagd project failures? Is there a chance that the icd's would allow the issues of red earth to be partially resolved?
thoughts?
Does it hold any value to anyone as a purchase of an asset? or production potential down the road?
Comment by ShatnersRug on Mar 14, 2014 1:16pm
Adam, seriously? That's a pretty bizarre thing to be bringing up Red Earth , last discussed by management 2 YEARS AGO. For your information, it's the wells themselves that are poorly built. ICDs not an option for Red Earth. Decent reserves there. But new wells will have to be built in order to extract product. For a guy who has, on TWO occasions, stated that he owns 400,000+ shares, you ...more  
Comment by himmler on Mar 14, 2014 3:22pm
Shat you should know by now that he doesnt own that many.Some of his past posts also proves it if I remember correctly.He has been here a while thats true,but it means nothing.I must say as well though that although this board (and others) are always interesting and informative,one must always be wary of posters and their intentions...if they even have any.It is a BB after all :)
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