PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Umunhum who wrote (78)	2/17/2005 7:53:27 AM
From: kryptonic6	of 1183

"trying to sign deals in Russia" Strat Petroleum, Ltd. Completes Agreement to Acquire 80% Profit Interest in an 11.25 Million Barrel Northern Orenburg Oil & Gas Property 2/16/2005 4:01:00 PM TORONTO, Feb 16, 2005 (BUSINESS WIRE) -- Strat Petroleum, Ltd. (OTCPS:SPRL) has completed an agreement with a Company in Russia called the Industrial Scientific Centre to establish a 50/50 joint venture, and 80% net profit interest to develop a field with significant reserves known as the Ementajevskoje oil site, the license to which is currently owned by the Industrial Scientific Centre. The field has proven reserves of over 11.25 million barrels of crude oil, and probable reserves of over 26.0 million barrels.

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