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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Umunhum who wrote (78)	2/17/2005 7:53:27 AM
From: kryptonic6	Respond to of 1183

"trying to sign deals in Russia" Strat Petroleum, Ltd. Completes Agreement to Acquire 80% Profit Interest in an 11.25 Million Barrel Northern Orenburg Oil & Gas Property 2/16/2005 4:01:00 PM TORONTO, Feb 16, 2005 (BUSINESS WIRE) -- Strat Petroleum, Ltd. (OTCPS:SPRL) has completed an agreement with a Company in Russia called the Industrial Scientific Centre to establish a 50/50 joint venture, and 80% net profit interest to develop a field with significant reserves known as the Ementajevskoje oil site, the license to which is currently owned by the Industrial Scientific Centre. The field has proven reserves of over 11.25 million barrels of crude oil, and probable reserves of over 26.0 million barrels.

To: Umunhum who wrote (78)	2/17/2005 8:12:08 AM
From: jmhollen	Read Replies (1) \| Respond to of 1183

It's a horses and water thing, Pal. And, I could certainly respond with some "..ignorant, jaded twit.." comment to your FOS accusation/insult, ...but I wont. There are lots of snarling, sputtering "..Stock Snobs.." on SI who will miss the boat on SPRL because of their blocqueheaded, intransigeant attitudes. Does $0.03-to-$0.30 with no significant reversals over three months really sound like a P&D to you..??? pcquote.com You obviously haven't taken more than a minute to grasp what Strat Petroleum is all about. In six months, this company has come from the reverse merger of a private corporation into a pink shell, to getting its share structure all cleaned up with a 1:13 r/s with no subsequent tanking three months ago, to becoming a legitmate oil company today. And, the CEO and crew haven't even made it home from Russia yet. Strat will be moving oil very shortly, as one of the acquisitions they haven't announced as yet are the two 1k/bbd-each previously-producing capped wells in Orenburg that they went over there to sign contracts on. The staff mechanical engineer has already stated (..in the recent Conference Call..) that he can bump production up to 3k/bbd each - you do the $$$ math. The oil from these wells will be truck-transported to a nearby refinery or to the big ocean shipping port nearby - until pipeline connections are made. OBTW: If you'd really been paying attention, you would have noted that the existing 'Majors' have been excluded from helping develop the big Russian oil fields; ergo, Strat is in the catbird seat. Concurrently, you might DD whom Tejas Corporate Partners are and then ponder why they'd get involved with Strat if they didn't think it was worth their while. The information from their experts that has leaked back so far is that the Russia estimates on Reserves are woefully understated. Do yourself a personal favor. Put a SPRL "..sticky.." on the side of your CRT with a note saying "..I could have bought this at $0.30/share..". Six months from now, you can stop by the SPRL Board and remind me - and I'll send you a case of Kleenex tissues - FREE. HLSH (..a 30K+ employee health services company that I stumbled across on Pinksheets.com..) could have been collected at $0.10, although some folks like you might also have bashed it for being a stinkie-pinkie. It's now $5.70/share. My first thought was, the Fed and State governments/courts surely won't let a health company of this size die on the vine. Looks like I was right on that one, aye. Strat will be bringing home the dinosaur squeezin's from Mother Russia to the USA and China. But, please, don't take my word for it - call the CEO and talk to him yourself: stratpetroleum.com John :-) .