STP.V

Let´s look at some STP fundamentals:

- only 10 sections out of 269 explored so far
- Great earning capability and good financing options against existing solid cash flow
- existing cash flow earning may improve further with additional and ongoing improvements at the Senlac site
- existing and experienced production personnel already on board
- permits expected for additional production only within months
- new production projects possibly identified after the completion of this winters core holes program
- McKay in the very same bitumen trends as AOS that recently was bought by Petro China

So far the application for production is progressing very well indeed and there has been no objections, concerns of any sort identified so far. With a possible go ahead from the authorities now within only some months it will clearly show that current STP not only has great land to develop but also equally important that they have the management experienced and knowledgeable enough to actually develop the land in to production. That is in all aspects such as the administrative parts of making a proper application, including all the relevant facts and part that constitutes such an application, the relevant contacts at all levels needed with the concerned parties such as the government, sub contractors and what have you.

This then will send a signal that this is a team that actually will be able to develop all of the 269 sections.

Add to this the Peak Oil scenario and the fact that we even today during the midst of a recession see oil prices starting to get oven the $80 level and for sure in the coming years it will be even higher well this is a play with a real future.

Why sell such a play? That is when you have proven you have all what it takes to make great business in the future?
IF STP it to be sold I surely convinced it will not be sold anyway near under C$5.

The future belongs to oil plays with great reserves that have proven they are capable of developing their land and thus going forward increase proven reserves, production and earnings.

Big oil plays however in fact in all cases can bee regarded as being insolvent. There is no way they will be able to compensate declines in their existing oil fields with new production going forward.

SOUTHERN PACIFIC LEADS ENERGY SECTOR IN 2010 TSX VENTURE 50
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