Byron Capital Markets, a division of Byron Securities Limited, is pleased to announce that it has initiated coverage today on Southern Pacific Resource Corp (TSX VENTURE: STP) with a Buy rating and a target price of $2.50.

In this 19-page research report, energy analyst Guy Gordon gives a comprehensive overview of this junior Athabasca Oil Sands company, and speaks of their move to being a producing energy player with the acquisition of Senlac Oil in Q4, 2009.

This report further exemplifies Byron Capital Markets' continuing commitment to research and, in particular, its ongoing efforts in the energy space.

Contacts: Byron Capital Markets Robert J.B. Orviss, CFA 647-426-1668 647-426-1669 (FAX) rorviss@byroncapitalmarkets.com