Southern Pacific Resource Corp. (STPJF) 0.1640 $STPJF
Southern Pacific Installs Third ICD Configuration at STP-McKay and Provides Update on Pad 102 Downspacing
Marketwire - Wed Jun 18, 1:30AM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) has completed another Inflow Control Device ("ICD" installation on one of its SAGD well pairs at the STP-McKay Thermal Project. The ICDs were installed on the 2P5 well pair, making this the third well pair of the 12 existing well pairs equipped with these devices. The 2P5 well pair was shut-in for 14 days to cool off and complete the workover; it was placed back on production on June 10. The ICD system is intended to improve wellbore conformance in a two part process. First, the horizontal producer length is segmented with isolation packers and second, the ICD devices are installed into the segments which are designed to restrict the inflow of steam from short circuits, thus allowing other sections of the wellbore to produce without having to rate restrict the entire well pair. Southern Pacific has plans to install additional ICD configurations into more of the well pairs at McKay. The exact timing around future ICD installation is subject to further clarity on the Company's ongoing strategic alternatives process announced in December 2013, but it is expected that further installations will be completed over the next three months.
Southern Pacific Announces Refiling of MD&A for the Year Ended June 30, 2013
Marketwire - Wed May 21, 5:46PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Corporation" (TSX: STP) today announced that it has filed an amended management's discussion and analysis ("MD&A" for the year ended June 30, 2013 to include additional disclosure required by applicable regulatory requirements with respect to its internal controls over financial reporting ("ICFR" and disclosure controls and procedures ("DC&P" . The original disclosure only referred to the design of DC&P and ICFR and the amended disclosure refers to the design and effectiveness of DC&P and ICFR. The Corporation is issuing this press release to clarify the reason for the amendment of its MD&A. The amended MD&A is available on SEDAR at www.sedar.com.
Southern Pacific Completes CAD$150 Million First Lien Term Loan
Marketwire - Mon Mar 31, 4:02PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) announced today that it has closed the previously announced loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan has a five year term with a maturity date on March 31, 2019 and will bear interest at LIBOR plus 10%.
IIROC Trade Resumption - Southern Pacific Resource Corp.
Newsfile Corp - Thu Mar 27, 7:08AM CDT
Trading resumes in:
Southern Pacific Announces New First Lien Term Loan Facility Enhancing Balance Sheet Liquidity
Marketwire Canada - Wed Mar 26, 4:11PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX:STP) announced today that further to the ongoing review of strategic and financial alternatives, it has entered into a fully underwritten loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan will have a five year term with a maturity date on or about March 28, 2019 and will bear interest at LIBOR plus 10%. The new facility will replace its existing CAD$100,000,000 first lien credit facility which currently has a CAD$85,000,000 availability limit and matures on May 31, 2014. The new first lien term loan facility will be provided by a syndicate of institutional investors with Credit Suisse AG, and is expected to close and be funded on or about March 28, 2014, subject to customary closing conditions. Additionally, at the Company's election, any optional prepayments upon the occurrence of a Change of Control shall be made at 102% of the principal amount.
IIROC Trade Halt - Southern Pacific Resource Corp.
Newsfile Corp - Wed Mar 26, 2:20PM CDT
The following issues have been halted by IIROC:
Southern Pacific Improves Production Rates at STP-McKay With Inflow Control Devices
Marketwire - Mon Mar 17, 6:01AM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announced an operational update highlighted by continued positive results from its inflow control devices ("ICD" recently installed into the 2P1 and 1P5 well pairs at its STP-McKay Thermal Project.
Valencia Announces Management Changes
Marketwire - Wed Feb 26, 7:04AM CST
Valencia Ventures Inc. (TSX VENTURE: VVI.H) ("Valencia" or the "Company" welcomes Mr. John Rak as its President and Chief Executive Officer and a member of the Company's Board of Directors, replacing Mr. Josh Van Deurzen. Mr. Rak was recently a Vice President with Stetson Oil & Gas Ltd. Prior to this, he was a partner and Vice President of Investment Banking at a private Toronto based investment bank where he was responsible for the firm's oil and gas activities. Mr. Rak holds Bachelor of Science and Master of Science degrees from the University of Guelph.
Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2013
Marketwire - Mon Feb 10, 4:50PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announced its financial and operational results for the quarter ended December 31, 2013 ("Q2 2014" .
Southern Pacific Announces Amendment to Current Credit Facility
Marketwire - Fri Jan 31, 3:31PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announced that in addition to the Company's previously announced strategic review process, which included revised forecasted production guidance at STP-McKay, the Company has completed an amendment to its existing credit facility in which the availability on the credit facility will be $85 million, with the $100 million borrowing base remaining in place. This arrangement is effective until May 31, 2014 which aligns with the expected timing of the strategic alternatives process. It also allows for the Company to continue with its previously announced capital expenditure program at STP-McKay to install Inflow Control Device ("ICD" configurations into two of the SAGD well pairs.
Discovery Ventures and Roca Mines Announce Partial Payment and Extension of Payment Terms with Respect to Acquisition of Max Mine and Mill from Roca Mines
Marketwire Canada - Wed Jan 08, 4:02PM CST
Discovery Ventures Inc. (TSX VENTURE
VN) ("Discovery" and Roca Mines Inc. ("Roca" are pleased to announce they have amended the letter agreement dated November 4, 2013 (the "Agreement" with Roca and FortyTwo Metals Inc., a wholly-owned subsidiary of Roca ("FortyTwo" . Pursuant to the original letter agreement, Roca granted an exclusive option to Discovery to acquire all of the issued and outstanding common shares of FortyTwo. FortyTwo holds, among other assets, the Max Mine which includes an underground molybdenum mine, crushing, milling and concentrating facilities, tailings storage facilities, mineral claims, mining leases, licenses and other holdings located near Trout Lake in the Revelstoke mining division of the Province of British Columbia. The Max Mine is located approximately 135 kilometres from Discovery's Willa Project and is a formerly producing molybdenum mine that operated from 2007 until November 2011 when depressed metal prices led to its closure.
Southern Pacific Announces Review of Strategic Alternatives to Enhance Shareholder Value and Provides Operational Update
Marketwire - Wed Dec 11, 7:50AM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value.
Southern Pacific Installs Third ICD Configuration at STP-McKay and Provides Update on Pad 102 Downspacing
Marketwire - Wed Jun 18, 1:30AM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) has completed another Inflow Control Device ("ICD" installation on one of its SAGD well pairs at the STP-McKay Thermal Project. The ICDs were installed on the 2P5 well pair, making this the third well pair of the 12 existing well pairs equipped with these devices. The 2P5 well pair was shut-in for 14 days to cool off and complete the workover; it was placed back on production on June 10. The ICD system is intended to improve wellbore conformance in a two part process. First, the horizontal producer length is segmented with isolation packers and second, the ICD devices are installed into the segments which are designed to restrict the inflow of steam from short circuits, thus allowing other sections of the wellbore to produce without having to rate restrict the entire well pair. Southern Pacific has plans to install additional ICD configurations into more of the well pairs at McKay. The exact timing around future ICD installation is subject to further clarity on the Company's ongoing strategic alternatives process announced in December 2013, but it is expected that further installations will be completed over the next three months. Southern Pacific Announces Refiling of MD&A for the Year Ended June 30, 2013
Marketwire - Wed May 21, 5:46PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Corporation"
(TSX: STP) today announced that it has filed an amended management's discussion and analysis ("MD&A" for the year ended June 30, 2013 to include additional disclosure required by applicable regulatory requirements with respect to its internal controls over financial reporting ("ICFR" and disclosure controls and procedures ("DC&P" . The original disclosure only referred to the design of DC&P and ICFR and the amended disclosure refers to the design and effectiveness of DC&P and ICFR. The Corporation is issuing this press release to clarify the reason for the amendment of its MD&A. The amended MD&A is available on SEDAR at www.sedar.com. Southern Pacific Completes CAD$150 Million First Lien Term Loan
Marketwire - Mon Mar 31, 4:02PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) announced today that it has closed the previously announced loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan has a five year term with a maturity date on March 31, 2019 and will bear interest at LIBOR plus 10%. IIROC Trade Resumption - Southern Pacific Resource Corp.
Newsfile Corp - Thu Mar 27, 7:08AM CDT
Trading resumes in:
Southern Pacific Announces New First Lien Term Loan Facility Enhancing Balance Sheet Liquidity
Marketwire Canada - Wed Mar 26, 4:11PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX:STP) announced today that further to the ongoing review of strategic and financial alternatives, it has entered into a fully underwritten loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan will have a five year term with a maturity date on or about March 28, 2019 and will bear interest at LIBOR plus 10%. The new facility will replace its existing CAD$100,000,000 first lien credit facility which currently has a CAD$85,000,000 availability limit and matures on May 31, 2014. The new first lien term loan facility will be provided by a syndicate of institutional investors with Credit Suisse AG, and is expected to close and be funded on or about March 28, 2014, subject to customary closing conditions. Additionally, at the Company's election, any optional prepayments upon the occurrence of a Change of Control shall be made at 102% of the principal amount. IIROC Trade Halt - Southern Pacific Resource Corp.
Newsfile Corp - Wed Mar 26, 2:20PM CDT
The following issues have been halted by IIROC:
Southern Pacific Improves Production Rates at STP-McKay With Inflow Control Devices
Marketwire - Mon Mar 17, 6:01AM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announced an operational update highlighted by continued positive results from its inflow control devices ("ICD" recently installed into the 2P1 and 1P5 well pairs at its STP-McKay Thermal Project. Valencia Announces Management Changes
Marketwire - Wed Feb 26, 7:04AM CST
Valencia Ventures Inc. (TSX VENTURE: VVI.H) ("Valencia" or the "Company"
welcomes Mr. John Rak as its President and Chief Executive Officer and a member of the Company's Board of Directors, replacing Mr. Josh Van Deurzen. Mr. Rak was recently a Vice President with Stetson Oil & Gas Ltd. Prior to this, he was a partner and Vice President of Investment Banking at a private Toronto based investment bank where he was responsible for the firm's oil and gas activities. Mr. Rak holds Bachelor of Science and Master of Science degrees from the University of Guelph. Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2013
Marketwire - Mon Feb 10, 4:50PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announced its financial and operational results for the quarter ended December 31, 2013 ("Q2 2014" . Southern Pacific Announces Amendment to Current Credit Facility
Marketwire - Fri Jan 31, 3:31PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announced that in addition to the Company's previously announced strategic review process, which included revised forecasted production guidance at STP-McKay, the Company has completed an amendment to its existing credit facility in which the availability on the credit facility will be $85 million, with the $100 million borrowing base remaining in place. This arrangement is effective until May 31, 2014 which aligns with the expected timing of the strategic alternatives process. It also allows for the Company to continue with its previously announced capital expenditure program at STP-McKay to install Inflow Control Device ("ICD" configurations into two of the SAGD well pairs. Discovery Ventures and Roca Mines Announce Partial Payment and Extension of Payment Terms with Respect to Acquisition of Max Mine and Mill from Roca Mines
Marketwire Canada - Wed Jan 08, 4:02PM CST
Discovery Ventures Inc. (TSX VENTURE
VN) ("Discovery" and Roca Mines Inc. ("Roca" are pleased to announce they have amended the letter agreement dated November 4, 2013 (the "Agreement" with Roca and FortyTwo Metals Inc., a wholly-owned subsidiary of Roca ("FortyTwo" . Pursuant to the original letter agreement, Roca granted an exclusive option to Discovery to acquire all of the issued and outstanding common shares of FortyTwo. FortyTwo holds, among other assets, the Max Mine which includes an underground molybdenum mine, crushing, milling and concentrating facilities, tailings storage facilities, mineral claims, mining leases, licenses and other holdings located near Trout Lake in the Revelstoke mining division of the Province of British Columbia. The Max Mine is located approximately 135 kilometres from Discovery's Willa Project and is a formerly producing molybdenum mine that operated from 2007 until November 2011 when depressed metal prices led to its closure. Southern Pacific Announces Review of Strategic Alternatives to Enhance Shareholder Value and Provides Operational Update
Marketwire - Wed Dec 11, 7:50AM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value. 
