09:55 AM EST - Southern Pacific Resource Corp. : announced 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 Strategic and financial alternatives may include, but are not limited to, the sale of the Company, merger or other business combination, recapitalization, sale of all or a portion of the Company's assets, or any combination thereof, and continued execution of its business plan, among all other alternatives. Southern Pacific Resource Corp.
shares T.STP are trading down $0.10 at $0.14.
