Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : SPRL - Strat Petroleum, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: dkgross who wrote (95)	2/12/2005 10:05:31 AM
From: im a survivor	Read Replies (1) \| Respond to of 1072

<<I've never met him..but I kinda have this 'archie bunker' picture in my mind :)>> LOL...I actually loved that show.......didn't always agree with Archie, but you gotta admitt, he sure was hilarious....

To: dkgross who wrote (95)	2/12/2005 10:13:45 AM
From: im a survivor	Read Replies (1) \| Respond to of 1072

Strat Petroleum, Ltd. Reports on Current Status and Forward Momentum; Update on Orenburg Region 2/11/2005 4:00:00 PM TORONTO, Feb 11, 2005 (BUSINESS WIRE) -- Strat Petroleum, Ltd. (OTCPS: SPRL) is pleased to announce that the Company, has progressed rapidly in its intent to firm acquisitions in the Orenburg region. In line with its strategic growth objectives, Strat executives have met with the senior representatives of Gazprom in Orenburg. Both parties have confirmed their desired intent to continue in joint venture discussions. Preliminary discussions have led to interest in 4 additional fields aside from the Rozhdestvenskoe oil site, and Strat executives have requested for appropriate documentation in order to submit an official tender on 3 of the sites. "These are very exciting times for Strat management and shareholders", according to Sam Hyams, President and Chief Executive Officer of Strat Petroleum Ltd. "The culmination of over a decade of hard work is only now beginning to see fruition". "The group from Tejas has already begun to do its due diligence on analyzing and verifying geological and legal documentation presented to us on these and other fields". Additionally, the company has completed a Memorandum of Understanding to acquire a field in the northern region of Orenburg. The field covers over 300 km(2), with current estimates of 1.5 million metric tonnes of proven reserves, and 3.5 million metric tonnes of probable reserves. Strat will assume at least 75% and up to 90% of the field. "It is our intent to keep our shareholders updated on our status and progress," stated Sam Hyams. "At this point in time, it is not prudent to discuss, in detail, the planned projects with Gazprom or the potential acquisition candidates for competitive reasons. However, we felt it important to inform the investment community of the Company's progress in both areas and its intention to maximize on all of its well-thought out relationships. Clearly, the focus is to execute on our plan to position Strat as a leader in the international oil and gas arena, which is the focus of the Company's efforts." 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, 1-905-714-0058