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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (147485)	2/19/2009 8:30:59 PM
From: Rocket Red	Read Replies (2) \| Respond to of 312987

Yes AOS has billions of barrels too and nobody knows when a deal can come along. I picked STP cause they will have proven reserves after this winters program as well the deal with Roh adds more land and barrels and still figure those who put in 20 mil into roh would like some of there cash back though stp.Mar 4 the roh deal is done and already court approved. Management of Stp also comes from Big Oil Companies Cll too much debt for me

To: marcos who wrote (147485)	2/19/2009 8:35:07 PM
From: Rocket Red	Respond to of 312987

Stratfor: U.S., CANADA: DRAWING THE OUTLINES OF AN OIL SANDS DEAL Summary U.S. President Barack Obama visited Canada on Feb. 19, where he discussed energy and environmental issues with Canadian Prime Minister Stephen Harper. A potential deal regarding Canadian oil sands could affect greenhouse gas emissions protocols, and has implications for regional oil-producing state Venezuela. Analysis U.S. President Barack Obama visited Canada on Feb. 19, marking his first foreign trip since his inauguration. Obama met with Canadian Prime Minister Stephen Harper for talks that focused on interrelated energy and environmental issues. It is pretty clear what the two states want from each other. The United States wants energy security and a renewed military commitment from Ottawa in Afghanistan, while Canada wants investment of money and technology in its energy sector and cooperation on dealing with related environmental issues. The Feb. 19 discussions presage more comprehensive negotiations that ultimately could reshape the global framework for dealing with greenhouse gas emissions -- and could deal a blow to the energy industry in Venezuela. Energy security is a key strategic concern of the United States, and Canada is the largest foreign supplier of crude oil to the U.S. market (followed by Saudi Arabia, Mexico, Venezuela, Nigeria and Iraq, in that order). In addition to its proximity, Canada is an attractive energy trading partner for the United States because it does not face the same challenges that limit Washington's ability to rapidly increase supplies from other significant producers -- such as a hostile government in Venezuela's case, legislation restricting foreign participation in Mexico's case, or militancy in the case of Nigeria. Securing robust oil supplies from Canada will necessarily mean expanding exploitation of oil sands, which comprise most of the country's crude production. (Canada produces only a small amount of conventional crude.) This is an expensive proposition, however. Oil sands are not like conventional crude, which can simply be pumped and shipped via pipeline. Instead, they have to be strip-mined and then melted to extract the crude -- a machinery- and energy-intensive process. The resulting cost barriers have resulted in a freezing of new work on oil sands since the ongoing global recession has driven oil prices downward. Profitable oil-sands production requires a sustained crude price of $50 to $60 per barrel, but oil prices have been well below that level since the end of 2008. The U.S. interest in energy security and the Canadian interest in boosting investment appear to be in sync on the oil sands issue, and Harper has been pushing for a deal. But Ottawa has two conditions. The first is that the United States provide the bulk of the investment. Canada wants to smooth out the boom-bust cycle of energy production in general, and that of oil sands specifically. Because oil prices have not reliably stayed above the break-even point for oil sands production (despite a spike in mid-2008), oil companies are not likely to invest in the process on their own initiative. Second, there is a greenhouse gas issue. The mining and processing of oil sands requires a considerable energy input in its own right, roughly 50 percent more than that of normal crude. Oil sands production by itself is thwarting Canada's ongoing efforts to comply with its obligations under the 1997 Kyoto Protocol, and Canada hardly uses any of the crude it produces. Ottawa simply cannot meet these requirements as long as it is producing oil sands at all, much less expanding production. Thus, Canada wants the United States to join it in taking a common position on greenhouse gas talks globally -- or really, for the two to become a single entity for purposes of meeting treaty guidelines. In other words, the United States would become primarily responsible for picking up the carbon tab from the production of Canadian oil sands. The United States would take on a slight -- but not crippling -- increase in costs associated with emissions-reduction efforts, in return for the benefits of a strategic oil supply deal with Canada. As a result, Washington would also share with Ottawa technological advances in the capture and sequestration of carbon from the oil-sands production process. This technology is now being tested on coal power plants in the United States, and as the technology matures, Canada will try to apply it to the oil sands. Once the carbon is captured and sunk underground, the emissions-related costs associated with the oil sands will become much less. In return for these strategic concessions, Washington likely also will want a commitment from the Harper government to extend its military commitment in Afghanistan. Canada has about 2,700 troops deployed in the country, though its military commitment there is scheduled to end in 2011. With Afghanistan occupying one of the top slots in Obama's foreign policy agenda, and with Washington embarking on a new military strategy of a U.S. and allied troop surge to fight the Taliban insurgency, continued military cooperation might be the price Ottawa will have to pay to secure its stake in a strategic energy and emissions deal with Washington. Attempting to deploy additional troops would trigger a backlash from Harper's political opponents, but extending Canada's commitment beyond 2011 at the current level might be more politically palatable. Should such a comprehensive deal go through, with all its conditions and counterconditions, it will have two major implications internationally: one regarding greenhouse gases and one regarding Venezuela. First, a joint U.S.-Canadian position on greenhouse gases will more or less determine the boundaries of any future global legal regime for dealing with the issue. The United States is set to emerge as the global leader in negotiating the next major climate treaty, a protocol to the 1992 U.N. Framework Convention on Climate Change. The Obama Administration has signaled that it is willing to accept the general global consensus that the world must reduce greenhouse gas emissions by 80 percent before 2050 -- and with that, the United States is emerging as the leader in the next round of talks. (And if Washington and Ottawa effectively act as a single entity in these negotiations, Canada will share the driver's seat.) How that will shape global carbon policy will be up to Canada and the United States to debate, but any new protocol will also require a more informal mechanism that directly engages China and India, two of the countries with the largest carbon footprints. A failure t o get Beijing and New Delhi on board would effectively doom any new protocol -- and the United States would be unlikely to ratify any such convention in any case, believing it will be penalized while China and India gain. The second major effect of a U.S.-Canadian understanding on oil sands would be to wreck the future hopes of the other major producer of nonconventional crude oil in the Western Hemisphere: Venezuela. The Venezuelan Orinoco belt contains roughly the same amount of oil as do the Canadian oil sands. Venezuela's crude, like the output of the oil sands, is considered "unconventional" output, because it is very heavy and sour. It requires specialized refining processes, as does oil-sands crude, and a significant percentage of it -- about two-thirds of Venezuelan exports -- is refined in the United States. If Canada should absorb all the limited investment capital available for unconventional crude, and if it should take over the heavy crude refining capacity in the United States along with the available specialized technical knowledge and personnel, Venezuela will largely get shut out of the global market as its own industry degrades. The result would be to put further limits on th e ability of the Chavez government in Caracas to use oil revenues to support the populist policies that keep it in power. Copyright 2009 Stratfor.

To: marcos who wrote (147485)	2/20/2009 5:24:12 PM
From: Rocket Red	Read Replies (1) \| Respond to of 312987

Roh big boys i'm counting on to ride STP into the sunset Report Pursuant to National Instrument 62-103 Section 176 of the Securities Act (Alberta) Section 111 of the Securities Act (British Columbia) Section 110 of the Securities Act (Saskatchewan) Section 92 of the Securities Act (Manitoba) Section 101 of the Securities Act (Ontario) Section 147.11 of the Securities Act (Quebec) Section 102 of the Securities Act (Newfoundland) Section 107 of the Securities Act (Nova Scotia) This report is made pursuant to the provisions of the securities legislation referred to above in connection with certain acquisitions of common shares of Rochester Energy Corp. (“Rochester”). 1. Name and address of Offeror. Sheldon Inwentash (the “Offeror”) c/o The Exchange Tower 130 King Street West, Suite 2500 Toronto, Ontario M5X 1A9 2. Designation and number or principal amount of securities and the Offeror’s securityholding percentage in the class of securities of which the Offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances. Through a series of purchases ending December 10, 2007, the Offeror acquired ownership of 852,000 common shares of Rochester (the “Common Shares”) through the facilities of the TSX Venture Exchange. These holdings represent approximately 2.1% of the total issued and outstanding common shares of Rochester as of December 10, 2007. 3. Designation and number or principal amount of securities and the Offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the news release. Immediately following the acquisition noted in item 2 above, the Offeror, together with its joint actors, owns an aggregate of 4,112,000 common shares of Rochester and rights to acquire an additional 2,260,000 common shares of Rochester upon the exercise of convertible securities (collectively, the “Convertible Securities”). Of these totals, the Offeror owns only the Common Shares. In the event that the Convertible Securities are fully exercised, the holdings of the Offeror and joint actors represents a total of 6,372,000 common shares of Rochester, or approximately 14.9% of all issued and outstanding common shares as at December 10, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. 4. Designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph 3 over which: (a) the Offeror, either alone or together with any joint actors, has ownership and control; See 3. above. (b) the Offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the Offeror or any joint actor; and NIL (c) the Offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership NIL 5. The name of the market where the transaction or occurrence that gave rise to the news release took place. TSX Venture Exchange. 6. The purpose of the Offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer. The common shares noted in 2. above were acquired for investment purposes. The Offeror or its joint actors may from time to time acquire additional securities of Rochester, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions. 7. The general nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the Offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, or disposition or voting of any of the securities. N/A 8. Names of joint actors in connection with the disclosure required by this Appendix. Pinetree Capital Ltd. - 2 - 9. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value of the consideration paid by the Offeror. N/A 10. If applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements of Part 4 in respect of the reporting issuer’s securities. N/A DATED as of the 12th day of December, 2007. Sheldon Inwentash “Sheldon Inwentash” - 3 - _______________________________________________________________ Report Pursuant to National Instrument 62-103 Section 176 of the Securities Act (Alberta) Section 111 of the Securities Act (British Columbia) Section 110 of the Securities Act (Saskatchewan) Section 92 of the Securities Act (Manitoba) Section 101 of the Securities Act (Ontario) Section 147.11 of the Securities Act (Quebec) Section 102 of the Securities Act (Newfoundland) Section 107 of the Securities Act (Nova Scotia) This report is made pursuant to the provisions of the securities legislation referred to above in connection with certain acquisitions of common shares and convertible securities of Rochester Energy Corp. (“Rochester”). 1. Name and address of Offeror. Pinetree Capital Ltd. (“Pinetree”) The Exchange Tower 130 King Street West, Suite 2500 Toronto, Ontario M5X 1A9 2. Designation and number or principal amount of securities and the Offeror’s securityholding percentage in the class of securities of which the Offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances. On July 17, 2007, Pinetree acquired ownership of 1,500,000 common shares of Rochester (the “Common Shares”) and 750,000 common share purchase warrants (the “Warrants”) (each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $1.00 until July 17, 2009). In the event that the Warrants are fully exercised, these holdings represent approximately 5.2% of the total issued and outstanding common shares of Rochester as of July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Warrants only. 3. Designation and number or principal amount of securities and the Offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the news release. Immediately following the acquisition noted in item 2 above, the Offeror, together with its joint actors, own 3,010,000 Common Shares and rights to acquire an additional 2,729,170 common shares of Rochester upon the exercise of convertible securities (the “Convertible Securities”) including the Warrants. Of these totals, the Offeror holds only 3,010,000 common shares and rights to acquire an additional 2,260,000 common shares of Rochester upon exercise of convertible securities owned directly by the Offeror. In the event that the Convertible Securities are fully exercised, the holdings of the Offeror and joint actors represent a total of 5,729,170 common shares of Rochester, or approximately 12.6% of all issued and outstanding common shares as at July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the 2,260,000 convertible securities owned directly by the Offeror are fully exercised, the direct holdings of the Offeror represent a total of 5,270,000 common shares of Rochester, or approximately 11.7% of all issued and outstanding common shares as at July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. 4. Designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph 3 over which: (a) the Offeror, either alone or together with any joint actors, has ownership and control; See 3. above. (b) the Offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the Offeror or any joint actor; and NIL (c) the Offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership NIL 5. The name of the market where the transaction or occurrence that gave rise to the news release took place. Not applicable. 6. The purpose of the Offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer. The Common Shares and Warrants noted in item 2. above were acquired for investment purposes. The Offeror and its joint actors may from time to time acquire additional securities of Rochester, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions. 7. The general nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the Offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, - 2 - including agreements with respect to the acquisition, holding, or disposition or voting of any of the securities. These Common Shares and Warrants noted in item 2. above were acquired pursuant to a subscription agreement dated June 28, 2007 between Rochester and the Offeror. 8. Names of joint actors in connection with the disclosure required by this Appendix. PowerOne Capital Markets Limited. 9. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value of the consideration paid by the Offeror. The Common Shares and Warrants noted in item 2. above were acquired pursuant to a private placement for aggregate consideration of $1,125,000 ($0.75 per Common Share). The Warrants can be exercised at $1.00 until July 17, 2009. 10. If applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements of Part 4 in respect of the reporting issuer’s securities. Not applicable. DATED as of the 19th day of July, 2007. PINETREE CAPITAL LTD. “Richard Patricio” Richard Patricio Vice-President, Legal & Corporate Affairs - 3 - _______________________________________________________________ Report Pursuant to National Instrument 62-103 Section 176 of the Securities Act (Alberta) Section 111 of the Securities Act (British Columbia) Section 110 of the Securities Act (Saskatchewan) Section 92 of the Securities Act (Manitoba) Section 101 of the Securities Act (Ontario) Section 147.11 of the Securities Act (Quebec) Section 102 of the Securities Act (Newfoundland) Section 107 of the Securities Act (Nova Scotia) This report is made pursuant to the provisions of the securities legislation referred to above in connection with certain acquisitions of common shares of Rochester Energy Corp. (“Rochester”). 1. Name and address of Offeror. Sheldon Inwentash (the “Offeror”) c/o The Exchange Tower 130 King Street West, Suite 2500 Toronto, Ontario M5X 1A9 2. Designation and number or principal amount of securities and the Offeror’s securityholding percentage in the class of securities of which the Offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances. Through a series of purchases ending August 29, 2008 the Offeror acquired ownership of 300,000 common shares of Rochester (the “Common Shares”) through the facilities of the TSX Venture Exchange. These holdings represent approximately 0.6% of the total issued and outstanding common shares of Rochester as of August 29, 2008. 3. Designation and number or principal amount of securities and the Offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file the news release. Immediately following the acquisition noted in item 2 above, the Offeror, together with its joint actors, owns an aggregate of 6,674,500 common shares of Rochester and rights to acquire an additional 2,260,000 common shares of Rochester upon the exercise of convertible securities (collectively, the “Convertible Securities”). Of these totals, the Offeror owns 2,402,000 common shares, including the Common Shares, directly representing approximately 4.7% of the total issued and outstanding common shares of Rochester as of August 29, 2008. In the event that the Convertible Securities are fully exercised, the holdings of the Offeror and joint actors represents a total of 8,934,500 common shares of Rochester, or approximately 16.9% of all issued and outstanding - 2 - common shares as at August 29, 2008, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. 4. Designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph 3 over which: (a) the Offeror, either alone or together with any joint actors, has ownership and control; See 3. above. (b) the Offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the Offeror or any joint actor; and NIL (c) the Offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership NIL 5. The name of the market where the transaction or occurrence that gave rise to the news release took place. TSX Venture Exchange. 6. The purpose of the Offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer. The common shares noted in 2. above were acquired for investment purposes. The Offeror or its joint actors may from time to time acquire additional securities of Rochester, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions. 7. The general nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the Offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, or disposition or voting of any of the securities. N/A - 3 - 8. Names of joint actors in connection with the disclosure required by this Appendix. Pinetree Capital Ltd and Lynn Factor. 9. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value of the consideration paid by the Offeror. N/A 10. If applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements of Part 4 in respect of the reporting issuer’s securities. N/A DATED as of the 2nd day of September, 2008. Sheldon Inwentash “Sheldon Inwentash”