Source Petroleum (fka SOPO)

[Renee]

SOPO : SEC Suspension :

http://www.sec.gov/litigation/suspensions/2011/34-64179.pdf

http://www.sec.gov/litigation/admin/2011/34-64178.pdf

[ErnieBilco]

Damn, what a hit and run, from nowhere and heading back into the darkness.

[wshaw14]

Does this company have a web-site?

[qstock]

well someone is sure buying

[patrick3002]

WOW I can't believe people would buy this for .15 a share!

[MrMiyagi3000]

picked up a few more @ .075...lotto play - moves easily

[pennymillionaire]

SOPO ut holding at .075 up 1400%

[Whatamithinking]

I wouldnt this stock is now dead

[MrMiyagi3000]

averaging down @ .075

[pennymillionaire]

SOPO thin to 0.24 ut it may move again

[pennymillionaire]

group pumped it I heard

[MrMiyagi3000]

looks like RSI had to hit the reset button...in @ .10

[Whatamithinking]

Well i guess its done moving.. unless we can get some volume.. Wonder why it moved..

[Whatamithinking]

Where you buy at? profit takers stalled the run.. Hopefully we move up more..

[MrMiyagi3000]

whoa! whats up here??...just picked up a few

[Qwikprofit]

congrats...u guys sellin or what? 3000% is huge!!!

[Whatamithinking]

VOL still coming in.. I think we will see .20+ soon then get more momo to hiher levels.. every one hit it.. push it up to blue sky territory

[pennymillionaire]

SOPO about to take off

[hwllo]

SOPO got my sell at 5$ oil play huge

[hwllo]

SOPO something huge up ask at .25 lol will this run like GWAY to 5$

[seabreezing]

Nice move today, wonder whats up

[CaptainJim]

Company is GONE !! NO TRACE

[Chachingxx]

.22 cheap? with them taking a percentage of partnerships...

[Jeff K]

I tried emailing and phoning the company last week, but they don't answer or reply. Sorry, but I can't trust a company that won't respond to stockholders. I'm out.

[boilerfan]

Sorry JeffK, wrong board!

[Jeff K]

boilerfan... Where do you see that? eom

[boilerfan]

Form 144 filed to sell 100k shares. Sounds like lack of confidence in company. Too bad, been keeping an eye on this for a while now.

[petermic]

SOPO up 68% to $0.81 today on no news and no new filings. Anyone got a clue?

[bpr]

Got that same mail "report" months ago and have looked at this stock once in a while. Any reason it dropped under 50 cents this morning or is it like so many other small cap o&g stocks that have been drifting lower for six months?
Thinking of taking a shot in the 40+cent area.

[roger wilco]

They all left the DMZ looking for VC in the hills... Jed Clampet shot a oil main 2 clicks from the compound and thought he struck it rich...

Is SOPO's news really good? I really don't know....

[reconranger]

Hello were is everyone, great news out-reconranger

[Jeff K]

Source Petroleum Acquires 10 Townships - 230,000 Acres of Oilshale Permits - Pasquilla Hills, Saskatchewan
Tuesday April 10, 6:30 am ET


CALGARY, Alberta, April 10 /PRNewswire-FirstCall/ -- Source Petroleum Inc. (OTC Bulletin Board: SOPO - News; "Source Petroleum" or "Company") is pleased to announce it has been awarded by Saskatchewan Industry and Resources, 3 permits totaling 360 sections of oil shale rights in the Pasquilla Hills oil shale region near Hudson Bay, Saskatchewan.
ADVERTISEMENT


Three Townships [108 sections] of the oil shale permits lie 2.5 miles southeast from Canwest Petroleum (now Oilsands Quest) oil shale project in Pasquilla Hills, which has assayed results at an average yield of 7 gallons/ ton from an average pay thickness of 148 feet. Canwest Petroleum's property has a suggested reserve potential in the range of 2.4 billion barrels from a three township block.

Seven Townships [252 sections] lie approximately 9 miles northwest of the Canwest Petroleum's (Oilsands Quest) oil shale project and directly adjacent and west of the Outrider Energy oil shale permit in Pasquilla Hills.

The Company believes that these lands show excellent characteristics and were assayed by Sun Oil in 1965 over an 11 township area, and yielded a range of 7.3 - 11.73 gallons/ton from a thickness of 45-152 feet. The oil shales are found in black mudstones of the First White Speckled Shale of the Late Cretaceous period. These beds dip gently to the west and are some of the richest grade of oil shales known, producing many seeps through the area, and gas and free oil when drilled through by a rotary bit from a drilling rig.

Under the agreement between Propel Energy Corp. and Source Petroleum, Propel Energy will receive a carried 15% interest until feasibility with an option to increase an additional 10% at that stage by covering 10% of the backcosts.

Propel Energy Corp is a private Alberta Oil and Gas company with large exploration assets in Saskatchewan, furthermore, Propel's team adds tremendous technical expertise to the project going forward.

Source is extremely pleased in becoming one of the larger heavy oil participants in the Saskatchewan heavy oil play fairway and looks forward to launching an aggressive work program on the assets.

Except for the historical and present factual information contained herein, the matters set forth in this release include statements of management's current expectations. Statements identified by words such as "expects," "projects," "plans," "believes," "estimates," "may" and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, include the statement that "Canwest Petroleum's property has a suggested reserve potential in the range of 2.4 billion barrels from a three township block", that "we believe the lands covered by our exploration permits in Saskatchewan show excellent prospect potential", and that "the beds under these properties dip gently to the west and are some of the richest grade of oil shales known, producing many seeps through the area, and gas and free oil when drilled through by a rotary bit from a drilling rig" are subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the historical data may be inaccurate or misinterpreted, the anticipated benefits from our operations cannot be fully realized, the possibility that commodity prices, costs or difficulties related to the conduct of its business will be greater or lesser than expected, and the impact of competition and other risk factors relating to our industry will be greater than expected, all as detailed from time to time in the company's reports filed with the SEC. The company disclaims any responsibility to update these forward-looking statements.

[Jeff K]

I'm in at $1.13, and plan to hold for the longterm. Back in 2003, I bought Heritage Oil for under $2ca, and sold the next year for over $5ca per share. The stock recently hit $39ca, so the potential here is much more than $3 as far as I'm concerned.

[foodcourt1]

Is anybody else in the SOPO ? I bought more last week @ $1.41 / share. Its $1.53 right now, within 3 years- if you have patience, it'll probably be at least 3 bucks a share.
Is anybody else in the SOPO ??????????????????????????????????

[foodcourt1]

I think this is a great chance to get in on something that could be quite promising in 3 to 5 years [ quite a long time for traders]. As Jim Cramer says, 'load up the truck !' [he didn't say that about this particular stock]. For a buck now I'd say 4 to 8 dollars a share in 3 years. They have alot of potential petroleum coming up from the ground, I got in a few weeks ago & will hold. Good luck to all...

[Jeff K]

Source Drills 36 Feet of Oil Pay at Harmon Valley Heavy Oil Project in Peace River Arch
Wednesday March 28, 6:30 am ET


CALGARY, Alberta, March 28 /PRNewswire-FirstCall/ -- Source Petroleum, Inc. is pleased to announce that it has been notified by the operator and joint venture partner, that the first well of a multi-well program at Harmon Valley, in the Peace River Oil Sands district, HZ Peace River 1-29-83-19 W5M, was successfully drilled to appraise the reservoir characteristic and to delineate the reservoir.

The first well of the proposed program, HZ Peace River 1-29-83-19 W5M, targeted the Bluesky - Gething formation. The Core information and a horizontal leg will assist in developing a plan for a possible primary and secondary oil recovery scheme.

The well confirmed and encountered 12 meters/ 36 feet of net pay in the Blue Sky formation.

Lab analysis of further oil samples should be available within the next couple weeks.

The remaining wells of the program are expected to be drilled during 2007 to allow for interpretation of the drilling results from this well. The Bluesky - Gething formation is believed to contain an estimated 9 billion barrels of oil in place in the Peace River Oil Sands District. The well was drilled to a total vertical depth of 680 meters, and a horizontal leg of 745 meters.

Historical wells and well log data show that there could be up to 200 - 250 million barrels of original oil in place (OOIP) at the Harmon Valley asset. Historical wells and well log data have also displayed excellent core porosities and log porosities of 29% and 31% respectively with estimated permeability of up to 5,000 milliDarcies.

The Harmon Valley asset is situated 12 KM S.W. from Baytex Energy's heavy oil project, 20 KM S.S.W. of Shell Canada's Cadotte heavy oil project and 25 KM S.W. of BlackRock's Ventures heavy oil Project which was recently sold to Shell Canada.

Except for the historical and present factual information contained herein, the matters set forth in this release include statements of management's current expectations. Statements identified by words such as "expects," "projects," "plans," "believes," "estimates," "may" and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, include the statements that there could be up to 200 - 250 million barrels of original oil in place at the Harmon Valley asset, the estimated permeability being up to 5,000 milliDarcies, and the remaining wells being expected to be drilled in late 2007, are all subject to risks and uncertainties that may cause actual results to differ materially, including the possibility that the historical data may be inaccurate or misinterpreted, and the anticipated benefits from our operations cannot be fully realized, all as detailed from time to time in the company's reports filed with the SEC. Source Petroleum disclaims any responsibility to update these forward-looking statements.

[Bitra21]

not much interest in this stock?

[Derekz]

great news!

[Jeff K]

Source Spuds First Well in the Peace River Oil Sands District, Woking Gas Discovery Nears Production Tie in
Thursday February 15, 7:00 am ET


CALGARY, Alberta, Feb. 15 /PRNewswire-FirstCall/ -- The first well of a multi-well program in Harmon Valley, in the Peace River Oil Sands district, has commenced drilling to appraise the reservoir characteristic and to delineate the reservoir. Nabors Drilling has been contracted to drill the HZ Peace River 1-29-83-19 W5M well which was spudded this morning.

The first well of the proposed program, HZ Peace River 1-29-83-19 W5M, will be targeting the Bluesky - Gething formation. Core information and a horizontal leg will assist in developing a plan for a possible primary and secondary oil recovery scheme. The remaining wells of the program are expected to be drilled in late 2007 to allow for interpretation of the drilling results from this well. The Bluesky - Gething formation is believed to contain an estimated 9 billion barrels of oil in place in the Peace River Oil Sands District. The well will be drilled to a total vertical depth of 680 meters, and a horizontal leg of 745 meters.

Historical wells and well log data show that there could be up to 200 - 250 million barrels of original oil in place (OOIP) at the Harmon Valley asset. Historical wells and well log data have also displayed excellent core porosities and log porosities of 29% and 31% respectively with estimated permeability of up to 5,000 milliDarcies.

The Harmon Valley asset is situated 12 KM S.W. from Baytex Energy's heavy oil project, 20 KM S.S.W. of Shell Canada's Cadotte heavy oil project and 25 KM S.W. of BlackRock's Ventures heavy oil Project which was recently sold to Shell Canada.

Woking Alberta:

Construction on the Woking pipeline/facility will start at the end of next week, with first Production expected in about 3 weeks.

Expected production from this well is estimated at an initial restricted rate of 500-1000 mcf/day with NGLs of approximately 20 bbl/mmcf.

Source Petroleum, Inc. (OTC Bulletin Board: SOPO - News) holds a 37.5% interest in the Woking discovery.

[Jeff K]

Source Announces Gas Discovery at Woking, Alberta: Completes Successful Testing and Prepares for Production
Tuesday January 9, 2:01 pm ET

ALBERTA, Canada--(BUSINESS WIRE)--Source Petroleum, Inc. (OTC: SOPO - News; "Source Petroleum") is pleased to announce that its joint venture partner has drilled a successful exploration well in Woking, Alberta and has concluded an extended production test on the well.

Based on the results of the extended test, the operator is working to tie-in the well which is expected to take between 6 to 8 weeks. Expected production from this well is estimated at an initial restricted rate of 500-1000 mcf/day with NGLs of approximately 20 bbl/mmcf.

Source Petroleum holds a 37.5% interest in the Woking discovery.

[2laidbak]

yes, that's who it was. also i cant remember if it was him or not but got another pick the same day of dejour enterprises, a canadian based exploration company, an extremely impressive company. did a lot of research on them, before buying. djeef.pk on the pinks and dje on tsx. i got in at 1.90 and its doing well.they have a lot to offer.
thomas

[tronicz-240]

The publisher is Geoffrey Eiten, OTC growth stock watch.
It looks like it has possibility. He has picked many winners
in the past. Of course i missed them. Maybe this time. Some volume would be nice.

[2laidbak]

also received a whole paperback book on this thing, ranting that the stock would be $37 within the next 6 months, wish i would have kept it, cuz i cant remember who the stock guru was that published it. anyway, i picked up a few.
thomas

[tronicz-240]

I received the same otc special situations report about sopo
Been watching it for a week or so. Not much volume but an interesting stock. May soon be picked up on others radar.
I guess i'll keep watching and try to do more DD. Good luck.

[AAsuited]

Got snail mail spam on this in my mail box by one of those "expert" OTCBB stock pickers. Red flags on this one but will put on watchlist.

Bit of a run-up from 25 cents? this past fall. Has the potential to fall big if the scamsters start bailing out "ala boiler room movie style."

Listen to no one, and be your own boss