Strat Petroleum Announces Agreement with Houston based Tejas Corporate Partners L.P. 2/9/2005 4:54:00 PM
TORONTO, Feb 9, 2005 (BUSINESS WIRE) -- Strat Petroleum, Ltd. (OTCPS: SPRL) is pleased to announce that it has retained the services of the Tejas Corporate Partners L.P. (www.tejascorp.com), a highly-respected consulting firm, based in Houston, Texas.
"We are excited to retain the services of such a highly-respected consulting firm. We believe that Tejas Corporate Partners L.P. will be important to Strat Petroleum's aggressive acquisition and growth plans, which are solely intended to position us as a top-tier, global, independent oil and gas production company," said Sam Hyams, President and Chief Executive Officer of Strat Petroleum Ltd. "Tejas Corporate Partners is recognized for its unique expertise in strategic consulting to the independent oil and gas industry and has the respect of the business community necessary to assist us in achieving Strat Petroleum, Ltd.'s short and long term financial goals, adds Hyams."
Together Tejas Corporate Partners and Strat Petroleum Ltd.'s management are focused on an acquisition program targeting high quality, low risk oil and gas prospects provided via key strategic alliance partnerships. Tejas Corporate Partners' energy section is currently evaluating and conducting due diligence on a number of promising acquisitions for Strat Petroleum Ltd. Strat Petroleum Ltd. has begun implementing certain aspects of its growth and acquisition strategy developed with Tejas Corporate Partners' and expects to complete the acquisition and development of various properties this month.
"Tejas' Corporate management is focused and committed to effective development of the resource exploration, corporate development and financial governance required to help Strat Petroleum Ltd. build a truly growth-oriented business, said Michael Bradle," Tejas Corporate Partners' managing partner. "These acquisitions reflect Strat Petroleum's commitment to developing a series of strategic oil and gas plays into long term contiguous exploration and development campaigns," adds Bradle.
With offices in Lampasas, TX and Washington, DC, Tejas Corporate Partners is a full-service, global business consulting and strategic communications firm focused on strategies and solutions tailored to their client's specific needs. Tejas Corporate Partners' comprehensive, and integrated portfolio of services are designed to navigate the complex international, government affairs, communications and business development challenges their clients face.
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.
SOURCE: Strat Petroleum, Ltd.
Strat Petroleum, Ltd.
Kathy Bassi, 905-714-0058
stratpetroleum.com
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