Southern Pacific Resource Corp STPJF

Well, it happened

[ShatnersRug]

WTI just broke $60 to the downside.

[HRc60to65]

The restructuring of the debt will put STP at positive cash flow at a sale price at 50$ per BOE with only Mackay at 12 000 BOE/day. Keeping only bank debt Cash infusion of 75M$ to complete Mackay to get 12 000 BOE/day and drill Senlac Exchange all secured note in shares or pfd shares Exchange unsecured bonds in shares Senlac production will be an additionnal positive cash flow

[farmerman]

Could all happen  bare in mind its oil by rail and the cost is high and on the 10th of december WCS (WESTERN CANADIAN SELECT) was 48.44 a barrel https://www.psac.ca/business/firstenergy/ Oil is down again today! We will see 40.00 wti, DON'T DECIEVE your self and wont see this price (dec 10th) for another year or more.... So even if they get production they will loose money for every

[HRc60to65]

With the middle space well at Mackay, it can produced up to 18 000 BOE/day and cost will be lower than 45 $ per BOE at Mackay

[birdie22]

Stop with the Bull Shite already with the new wells they would be lucky to get to 10,000 bbl/day.

[HRc60to65]

Ivanoe energy has annonced it will be in default of bonds interest payment december 31. Bonds are at 4$ per 100$. STP.DB is at 0.25$ per 100$, without new about interest payment decembre 31. STP.db is undervalued

[nikehercules]

You're forgetting about the $270 million secured second lien and the $150 million secured first lien.

[cocaine]

you boys want a gem! v. HPL! massive joint venture news coming in january or end of this year. INSIDERS LOADING! NO DEBT, CASH, AND SOUTH AFRICA JV NEWS COMING! AND V.TLT HUGE STOCK.. hpl is hidden gem, low oil prices wont matter, deal done