Southern Pacific Update on Acquisition of Oil Sands Assets

From: CCNMatthews Newswire | Date: September 28, 2006 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Sept. 28, 2006) - Southern Pacific Resource Corp. ("Southern Pacific") (TSX VENTURE:STP) announced on August 10, 2006, that it had signed a binding letter of intent with Bounty Developments Ltd.; an Alberta based private company owned solely by William Clark, ("Bounty") to acquire 80% of Bounty's interest in its Leismer South Oil Sands Assets. Bounty and Southern Pacific will become joint venture partners for the development of the Leismer South Oil Sands Asse...

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