Southern Pacific Resource Corp. (Southern Pacific) is engaged in the acquisition and development of heavy oil and bitumen producing properties, with a focus on thermal extraction in-situ oil sands projects in the Western Canadian sedimentary basin. Southern Pacific has two principal assets STP-McKay and STP-Senlac. The Company also holds additional oil sands leases in the McMurray and Peace River sub-basins in northeastern Alberta. The Company has 100% working interest in approximately 37,760 acres, of oil sands leases in McKay Block. Southern Pacific has its 100% working interest SAGD thermal heavy oil asset near Unity, Saskatchewan, STP-Senlac. As at September 24, 2012, the Company held five blocks: Leismer, Anzac, Hangingstone, Ells and Red Earth and had an average 85% working interest in 362 sections or 231,680 gross acres. On September 18, 2012, the Company completed the sale of the Kirby Block.
|Headquarters||1700, 205 - 5 Avenue SW|
CALGARY, AB, Canada T2P 2V7
|Chairman of the Board||David Antony|
|President, Chief Executive Officer, Director||Byron Lutes|
|Chief Financial Officer||Howard Bolinger|
|Chief Operating Officer||Ronald Clarke|
|Vice President - Resource Development||Wayne Beatty|
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|Shares Out.||397.9M||Book Value||$1.09|
|Annual Dividend Rate||$0.00||Price/Sales (TTM)||4.4|
|Ex-Div Date||1/1/01||P/Cash Flow (TTM)||40.8x|
|Pay Date||1/1/01||Operating Margin||-31.34%|
*GAAP = prior to non-GAAP analyst adjusted earnings.