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To: M0NEYMADE who wrote (138614)	9/27/2004 4:46:54 PM
From: M0NEYMADE	Respond to of 150070

Say bye to .005 Weeeee! Strat Petroleum, Ltd. Reports Results from Rozhdestvenskoe Oil Site Friday September 24, 12:23 pm ET TORONTO--(BUSINESS WIRE)--Sept. 24, 2004--Strat Petroleum, Ltd. (NQB: SPRU - News) has acquired an option to purchase an additional 24.5% interest of the Rozhdestvenskoe oil site. Initial results indicate: (1) The field currently has two producing wells, #230 which produces 375 barrels per day and #236 producing 600 barrels per day, which generate over $500,000 per month in revenues. (2) The existing two wells have proven reserves of 5.7 million barrels and will require investment of $4 million and about 60 days to double the production. (3) The size of the field exceeds 600 sq. km and to date only 9.24 sq. km. have been explored. (4) Strat Petroleum, Ltd. will immediately participate in any revenues earned by the joint venture. (5) A more detailed and complete feasibility study will be performed to determine the full potential of the property. The company has engaged the services of Emerging Markets Finance International, LLC, a US-UK financial advisory group from England to target and identify suitable strategic partners. Emerging Markets Finance has been active in various projects in the oil industry. We are excited with our new association and the expertise they provide. More information on EMFI can be obtained at www.emfi.biz. The Orenburg Region is a leading oil and gas producer. Exploration has revealed over 140 oil and gas deposits. Proven reserves of oil exceed 963.1 million bbls, while gas estimates are 28.23 trillion Btu. The region has an estimated 40 to 50 years of commercially exploitable natural gas reserves. Orenburg currently produces between 63.5 and 64.3 million bbls of crude oil. Only about 1% of proven reserves have been extracted, leaving significant quantities yet to be exploited. Strat Petroleum, Ltd. 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. -------------------------------------------------------------------------------- Contact: Strat Petroleum, Ltd. Investor Relations/Corporate Communication Kathy Bassi, 905-714-0058 www.stratpetroleum.com