Calgary, Alberta – February 5, 2010
Southern Pacific Resource Corp. ("Southern Pacific" or the "Corporation") (TSX
VENTURE:STP) is pleased to announce that TSX Venture Exchange has identified
Southern Pacific as #1 in the oil and gas sector of the 2010 TSX Venture 50, a ranking of the strongest performers listed on TSX Venture Exchange. TSX Venture 50 consists of 10 emerging companies in five industry sectors that have been identified as leaders in Canada’s public venture market.
Byron Lutes, Southern Pacific’s President & CEO, said the TSX Venture Exchange’s
announcement serves as reinforcement of the success of the Corporation’s balanced
growth strategy.
"It’s a tremendous honour to be identified as the top emerging company in the oil and gas sector,” Mr. Lutes said. “The selection of Southern Pacific to the TSX Venture 50 is a reflection of the market’s recognition of our significant heavy oil production base in Senlac, Saskatchewan and the advanced stage of the application for our first thermal oil sands project in Athabasca, Alberta."
The 2010 TSX Venture 50 were selected based on four equally weighted criteria
including return on investment, trading, analyst coverage and market capitalization
growth in Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.
“We are pleased to celebrate the 2010 TSX Venture 50,” said John McCoach, President,
TSX Venture Exchange. “These outstanding companies are proven leaders in their
respective sectors and we are proud to have them listed on TSX Venture Exchange. We
wish them all continued success.”
http://www.shpacific.com/wp-files/News%20Releases/2010/STP-2010-02-05.pdf
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