Southern Pacific Resource Corp STPJF

Cut your losses

[farmerman]

Well thats an option, I cant imagine what would shave off the share value now.
My guess is that Senlac and the 444 million of contingent resources (or some of it) not related to mckay will be sold.
if they get the .29 per barrel they garnered before that will be about 128 million and $60 000 per flowing barrel on Senlac for another 120 million. This would enable the infill drilling and pay the line of credit off, but I don't have a cystal ball so who really knows....!
 I suspect the review will end when Mckay is at or near Corporate Break Even. If they get 6 icd's installed by mid sept then we could see a closing of the review in Mid November. Then we would see a nice pop in share price. (fingers crossed).

On another note, lay blame where blame is due. I sent a letter to Bollinger about the heads up on the review ending. Having a recording on my phone of "no one gets a heads up" well I had to ask WTF. I wont get into the ethics of all of this just to say I have been a shareholder of this since the land buys. This does not entitle me to anything other than curteous conversation and when I am scolded for asking questions I get a little huffy. So Nike I apologize if I closed your door.
Dave

[georgxfg]

This post has been removed in accordance with Community Policy

[Pandora]

The joys of trying to make money on the Toronto Exchanges. I have 26 small cap "venture type" holdings -- some on TSX, some on TSX-V. As of this hour this morning I have 5 that are trading "even". 8 that are down a half cent. 4 that are up a half cent. 4 that are down a full cent. 2 that are up a full cent. 1 that is up 10 cents. and 2 that are down more than 5 cents but less

[LeGagneur]

ar Corporate Break Even. If they get 6 icd's installed by mid sept then we could see a closing of the review in Mid November. Then we would see a nice pop in share price. (fingers crossed)."  And how much is "a nice pop" 1C$?

[nikehercules]

The rig is on Pad 2. STP has 4 ICD's to install on Pad 2 (2P1 & 2P5 alreadh have ICD's) After a 14 day shut in It takes roughly 10 days to install an ICD. By mid-september STP should hav e a pretty good idea where Pad 2 is ultimately headed. It will take much longer for the ICD's to work on Pad 1 since those wells are badly conformed. I'm not expecting much from Pad 1.

[oilcansam]

Chances of them installing an ICD on 2P3  should not be an option. At over 500bbl it doesn't need it. 2P6 and 2p2 would be the next candidates.  I don't  think 2p4 is a consideration at 75bbl. Not worth the million bucks to double it.  Has anyone seen May numbers yet?