Is this not EXACTLY the kind of FLUFFY<lol> press release you said you did not want......Sheez...I can tell you are a straight shooter and enjoyed meeting you and will enjoy geting to know you better...but ya gotta admitt, those nutz on the other board are very funny..one minute they complain non stop about no press release of any kind...finally, they resort to saying they dont want or expect some FLUFFY PR...and today..they get their FLUFFY PR...and sorry, but do you not think this is the exact kind of fluff you said the company should not say> <g>
<<News- Management update.
(BSNS WIRE) Strat Petroleum, Ltd. Announces Management Update
Strat Petroleum, Ltd. Announces Management Update
Business Editors / Energy Editors
TORONTO--(BUSINESS WIRE)--Feb. 3, 2005--
Strat Petroleum, Ltd. (National Quotation Bureau:
SPRL):
To all shareholders of Strat Petroleum, Ltd., thank you for your
continued support over the past few months, despite limited news from
the Company. You should know that your management team has been very
busy in organizing all the elements required to complete the
acquisition of interests in the Rozhdestvenskoe and other oil sites in
the Russian Federation.
During these months your management team has been interviewing
North American consulting firms who will assist in evaluating and
confirming the profitability and viability of opportunities presented
to the Company; evaluating alternative financing proposals to find
good long term partners; having the team in Russia prepare
documentation and other information for several additional
opportunities beyond the Rozhdestvenskoe site.
Strat's management in association with its advisory team in Russia
and North America will be completing the review and negotiations of
these projects over the next few weeks, and management expects to make
some very positive announcements.
Strat Petroleum, Ltd.'s strategy is to enhance shareholder value
through the acquisition of oil & gas properties with proven reserves
or producing/capped wells. Should you wish any additional information
on our projects or management team, please visit our website at
www.stratpetroleum.com or contact our Investor Relations office. Due
to the volume of interest we will make every effort to respond as
promptly as possible.
Statements made in this press release regarding the Company's or
management's intention, beliefs, expectations, or predictions for the
future are forward-looking statements. Such forward-looking statements
are subject to a number of risks, assumptions and uncertainties that
could cause the Company's actual results to differ materially from
those projected in such forward-looking statements. These risks,
assumptions and uncertainties include: the ability to compete
effectively in a rapidly evolving and price competitive marketplace;
uncertainties of completing business transactions; uncertainties of
raising necessary capital; no control over long term pricing; possible
reductions in demand for our products and services due to competition
or changes in industry conditions or political environment; changes in
the nature of energy regulation in the Russian Federation, the United
States and other countries; political risk; currency exchange risk;
changes in business strategy; the successful integration of
newly-acquired businesses; the impact of technological change;
reliance on management and management contacts; and other risks that
may be referenced from time to time in the Company's filings with the
Securities and Exchange Commission.>> |
