Mark yes i own SPP i think it will be a goer but as you know they all risky, now that they have those $$ from U.S. its a green light imo of course.Here is some news just out.SPP receives A$34 million Southern Pacific Petroleum has received the initial tranche of A$34 million in new funds from US-based SCP Koala Partners.
The company said the funding would be used to initiate the planned capital improvement program for the Stuart Stage 1 oil shale plant in Queensland and for general working capital requirements.
Additional funds of A$17 million are expected to be received during the next two years subject to the achievement of certain agreed performance targets on Stage 1 and approval of Stage 2 by regulatory agencies.
Here are some links you might want to research if intrested it it.http://www.sppcpm.com/the_stuart_project/stuart_stage2.asp
http://www.sd.qld.gov.au/dsdweb/htdocs/global/content.cfm?id=7726
http://www.sd.qld.gov.au/dsdweb/htdocs/global/exitdisclaimer.cfm?
If you want more reading on it let me know by email ill send to big to post all here,good luck. :)
SPP
southern pacific petroleum nl
