To: rrufff who wrote (71 ) 2/3/2005 1:32:16 PM From: im a survivor Read Replies (1) | Respond to of 1072 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.>>