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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 > While we're waiting....
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Post by nikehercules on Jun 25, 2014 4:39pm

While we're waiting....

I don't think much is going to happen in the next few weeks. 2P5 is being ramped up and hopefully Lutes & co. manage to ink a deal without dropping their shorts too far.

So with no STP action, look to others for some light reading.

For an example of an ugly end to a strategic announcement, look no further than ARCAN resources. It's by no means comparable to STP, but makes for interesting reading on these days when STP just sits.

https://www.arcanres.com/wp-content/uploads/2014/06/CALGARY-31156101-v9-Press_Release_Aspenleaf_Transaction.pdf
Comment by freedom45 on Jun 25, 2014 6:20pm
to join the party as a JV then the going average rate is close to $70k per flowing bbl /dy.. In 2013 the price was less than $58k. The more success in proving flow the quicker we drive platinum not Ranger 150 !!.....................................If nothing going on in background then Senlac additional 2000 bbl should be priority...........but as said over and over I want STP to go it alone...... ...more