Southern Pacific Resource Corp STPJF

yes no maybe so

[farmerman]

Lawsuit or not
I see things playing out this way
Production climbs over the next 6 months by what wtf-knows
oil goes back to $80.00 WTI
The funds owning this agree and they roll back 20 for one if not more
raise the money and redrill senlac.
The story of low float and instant production will get investors it always does.
Then they will do another raise to drill out Mckay
Lutes salary will go back up and bonuses all the way around.


Moral of the story is we are all boned.
Not commenting on the review now is BS, its not transparency and there is an obligation to shareholders.......
But he seems to be entitled, THE AGM requires answers especially with the shareprice as it is
You want to play this, Nike is right get out and IMHO rebuy later....(if you are a gambler)

[monzie]

Well hopefully OPEC makes a positive decision next week.  A million barrels a day cut or more would be pretty sweet about now and much needed to soak up some of the losses for STP this quarter, provided of course that WTI follows suit. Then who knows we might even get to $80 by the end of the month. 

[llennn]

Ya .01 would insult from any type of consol of 1~50 this would be the slit trench one would need but for sure .005 is better, on the DNs house 27 bought 600000 @ 2.75 so they will make 1500 plus have them for nothing therefore they should be good at 3.17 until payment which they should rollover to 3, it's risky to attack Senlac with drill bits as the run room shortens if no new financial