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Non-Tech : Under $0.01 (..subpenny..) stocks

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To: jmhollen who started this subject	9/15/2004 7:20:40 PM
From: jmhollen	of 733

Strat Petroleum, Ltd. Performing Due Diligence to Acquire Interest in Additional Oil & Gas Properties TORONTO, Sep 15, 2004 (BUSINESS WIRE) -- Strat Petroleum, Ltd.'s (OTCPS: SPRU) due diligence is progressing well on the Rozhdestvenskoe oil site and the Company should have some positive news for its shareholders in the near future. The Company is also actively pursuing additional joint venture opportunities for oil fields in the Orenburg, Saratov, and other regions of the Russian Federation. In addition to Rozhdestvenskoe oil site, the Company is continuing to perform due diligence on the two additional fields in the Orenburg Region, and so far the information is positive. To finance these opportunities the Company is in discussions with a number of financial groups and institutions both in Europe and North America. Strat Petroleum, Ltd. strategy is to build a strong asset value through the acquisition of oil & gas properties with proven reserves or producing/capped wells initially in the Russian Federation. Should you wish any additional information on our projects or management team, please visit our website at www.stratpetroleum.com or contact our New York office at (212) 209-7388 SOURCE: Strat Petroleum, Ltd. CONTACT: Strat Petroleum, Ltd. New York Office, 212-209-7388 stratpetroleum.com info@stratpetroleum.com .

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