Southern Pacific Resource Corp STPJF

Great post nikehercules - you are correct

[wolfe0001]

Very hard to recover from initial poor engineering -- what about solvent technology? Does any one know when STP runs out of cash and what their breakeven point is. I am siting with a ton of shares and a breakeven of 8 cents - was hoping for a dead cat bounce to 4 or 5 cents but looks like dead money. How long before the circling of the drain ends?

[ShatnersRug]

Only the remaining management team at STP knows for certain. From my assessment 2-3 months back, I guestimated that they would be liquid until just after the new year, perhaps March. With depressed oil prices along with a continued drop in production, and IF my numbers were in the ballpark 2 months ago, I'd be surprised if they could make the Dec 31 deb payment. Meh. What do I know? After