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.
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Yet MORE news from SPRL! Fantastic news for their short and long-term future:
Strat Petroleum (SPRL) issued great financing news at eod today! More is on the way, as well. One to secure a position in, imo....
Strat Petroleum Secures $2 Million Short-Term Lending Facility and $20 Million Long-Term Funding Facility
MONDAY, FEBRUARY 07, 2005 4:00 PM - BusinessWire
TORONTO, Feb 7, 2005 (BUSINESS WIRE) -- Strat Petroleum, Ltd. (OTCPS:SPRL) today announced that it has signed a Standby Equity Line Agreement (the "Agreement") that allows it, at its option, to issue shares to US-based investment fund The Nutmeg Group LLC (www.tngroupllc.com), up to a maximum value of US$20 million.
Under the terms of the Agreement, Strat Petroleum may, at its discretion, issue shares to Nutmeg at any time over the next two years. The maximum aggregate amount of the equity placements pursuant to the Agreement is $20 million. Subject to this limitation, Strat Petroleum may draw down up to 200% of the average daily volume (U.S market only) ("ADV") computed using the ten (10) trading days prior to the drawdown request. The facility may be used in whole or in part entirely at Strat Petroleum's discretion, subject to an effective registration.
Shares issued to Nutmeg will be priced at a 7.5% discount to the lowest daily Volume Weighted Average Price ('VWAP') of Strat Petroleum, Ltd. shares traded on each of the five days following a drawdown notice by Strat Petroleum. No commissions will apply to each issue of Strat Petroleum shares under the Agreement, however, a flat non-accountable expense allowance of $1,500 will be payable to Nutmeg at the time of issue.
In addition, Strat Petroleum has set in place a non-recourse loan with common stock as collateral, with a 49.875% net loan to value. Strat Petroleum, at its discretion may post up to eight million shares as collateral. The term of the loan is for one year, with an interest rate based on one-month LIBOR plus three percent, interest paid quarterly.
Randall S. Goulding, Managing Director of The Nutmeg Group, LLC, said "We are eager to assist Strat Petroleum in meeting its ongoing financing needs and we look forward to a long-term relationship with the Company."
The Nutmeg Group, LLC and its principals have been successful in raising capital through private placements and stock loans. With more than 30 million dollars under management, the Nutmeg Group, L.L.C. is a value-added private capital investment firm and a full service investment and financial consulting organization, dedicated to helping growth companies emerge as industry leaders. Staffed with an impressive array of diverse talents and a robust infrastructure, Nutmeg stands committed to facilitating the Company's success, as it is for all of its portfolio companies. Loren Comitor, President of CCM&A, Nutmeg's advertising and marketing affiliate, will endeavor to facilitate new marketing arrangements for the Company. Additionally, Nutmeg intends to enhance the Company's website and assure that the Company's image will reflect and be commensurate with its outstanding prospects.
"Our investment and ongoing commitment is prompted by our extreme optimism about the outlook for the Company and its capacity to ramp up its operation to seize opportunities" said The Nutmeg Group's Managing Director, Randall Goulding. "We believe the current valuation does not adequately reflect the enormous opportunities that exist for the company in both the near- and longer term."
"We are impressed with the Company's talented management resources, and for such a small company to have captured the opportunities -- is virtually unprecedented," Goulding continued.
"We plan to play an integral and continuing role in the Company's very promising future. We are pleased to be working in partnership with the Company to better position it to grow," said Goulding. "In fact," Goulding said, "the specific reason for this additional cash infusion is to focus on creating new business opportunities and joint ventures."
H. Sam Hyams, President and CEO of Strat Petroleum commented on the financing, "We are delighted to have signed these agreements that give us the option to draw down over $20 million over the next two years. The advantage of this method of structured financing is that although the funds are secured and available to us, any draw down of the facility will be totally at our discretion. We expect these funds to enable us to close several opportunities, including Orenburg, on our upcoming trip to the Russian Federation. The completion of acquisition of the 49% interest of the Rozhdestvenskoe oil site is the primary focus for Strat Petroleum."
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.
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TORONTO--(BUSINESS WIRE)--Feb. 7, 2005-- Strat Petroleum, Ltd. (OTCPS:SPRL) today announced that it has signed a Standby Equity Line Agreement (the "Agreement") that allows it, at its option, to issue shares to US-based investment fund The Nutmeg Group LLC (www.tngroupllc.com), up to a maximum value of US$20 million. Under the terms of the Agreement, Strat Petroleum may, at its discretion, issue shares to Nutmeg at any time over the next two years. The maximum aggregate amount of the equity placements pursuant to the Agreement is $20 million. Subject to this limitation, Strat Petroleum may draw down up to 200% of the average daily volume (U.S market only) ("ADV") computed using the ten (10) trading days prior to the drawdown request. The facility may be used in whole or in part entirely at Strat Petroleum's discretion, subject to an effective registration. Shares issued to Nutmeg will be priced at a 7.5% discount to the lowest daily Volume Weighted Average Price ('VWAP') of Strat Petroleum, Ltd. shares traded on each of the five days following a drawdown notice by Strat Petroleum. No commissions will apply to each issue of Strat Petroleum shares under the Agreement, however, a flat non-accountable expense allowance of $1,500 will be payable to Nutmeg at the time of issue. In addition, Strat Petroleum has set in place a non-recourse loan with common stock as collateral, with a 49.875% net loan to value. Strat Petroleum, at its discretion may post up to eight million shares as collateral. The term of the loan is for one year, with an interest rate based on one-month LIBOR plus three percent, interest paid quarterly.
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Strat Petroleum Announces Agreement with Houston based Tejas Corporate Partners L.P. 2/9/2005 4:54:00 PM
TORONTO, Feb 9, 2005 (BUSINESS WIRE) -- Strat Petroleum, Ltd. (OTCPS: SPRL) is pleased to announce that it has retained the services of the Tejas Corporate Partners L.P. (www.tejascorp.com), a highly-respected consulting firm, based in Houston, Texas.
"We are excited to retain the services of such a highly-respected consulting firm. We believe that Tejas Corporate Partners L.P. will be important to Strat Petroleum's aggressive acquisition and growth plans, which are solely intended to position us as a top-tier, global, independent oil and gas production company," said Sam Hyams, President and Chief Executive Officer of Strat Petroleum Ltd. "Tejas Corporate Partners is recognized for its unique expertise in strategic consulting to the independent oil and gas industry and has the respect of the business community necessary to assist us in achieving Strat Petroleum, Ltd.'s short and long term financial goals, adds Hyams."
Together Tejas Corporate Partners and Strat Petroleum Ltd.'s management are focused on an acquisition program targeting high quality, low risk oil and gas prospects provided via key strategic alliance partnerships. Tejas Corporate Partners' energy section is currently evaluating and conducting due diligence on a number of promising acquisitions for Strat Petroleum Ltd. Strat Petroleum Ltd. has begun implementing certain aspects of its growth and acquisition strategy developed with Tejas Corporate Partners' and expects to complete the acquisition and development of various properties this month.
"Tejas' Corporate management is focused and committed to effective development of the resource exploration, corporate development and financial governance required to help Strat Petroleum Ltd. build a truly growth-oriented business, said Michael Bradle," Tejas Corporate Partners' managing partner. "These acquisitions reflect Strat Petroleum's commitment to developing a series of strategic oil and gas plays into long term contiguous exploration and development campaigns," adds Bradle.
With offices in Lampasas, TX and Washington, DC, Tejas Corporate Partners is a full-service, global business consulting and strategic communications firm focused on strategies and solutions tailored to their client's specific needs. Tejas Corporate Partners' comprehensive, and integrated portfolio of services are designed to navigate the complex international, government affairs, communications and business development challenges their clients face.
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.
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Don't let this week go by without grabbing SPRL - seeing further uptrending from here, with strong possibility of news to come by Monday. I would secure a position, and hold on.
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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.
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If you want a new Corvette, speedboat, cratchrocket, pair of jetski's, etc. for THIS SUMMER - divide the price of what you want by 10, and buy that amount of SPRL immediately...!!!
"...YOU SNOOZE - YOU LOSE..." - "..BUY or CRY.." - "..BE BOLD & HOLD..".
This stock was brought here to you at $0.03 two months ago, get with the program - or buy a drying towel to go with your stale light beer.
LiquidOTC.com: Movers and Shakers "In-Play" Stocks To Watch! - Monday, February 14, 2005 - SPRL, DCBI, USTT, SYNC 2/14/2005 6:24:04 AM Feb 14, 2005 (M2 PRESSWIRE via COMTEX) -- LiquidOTC.com "Stocks to Watch" this morning are: Strat Petroleum, Ltd. ( SPRL ), DC Brands International, Inc. ( DCBI ), USA Technologies ( USTT ) and Intellisync Corporation ( SYNC ).
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This morning, active investors will want to focus attention to Strat Petroleum, Ltd. ( SPRL )
After the closing bell on Friday, February 11, 2005 the company issued more exciting news!
In the latest press release, Strat Petroleum, Ltd. was pleased to announce that they have 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.
On Friday, Strat Petroleum, Ltd. closed at twenty five cents a share, up 16.28%.
About Strat Petroleum Ltd.
Strat Petroleum, Ltd.'s strategy is to enhance shareholder value through the acquisition of oil & gas properties with proven reserves or producing/capped wells. Currently, the company is organizing all the elements required to complete the aquisition of interests in the Rozhdestvenskoe and other oil sites in the Russian Federation. For more information on the projects and management team, please visit the website at www.stratpetroleum.com
Stocks showing interesting activity Friday were DC Brands International, Inc. ( DCBI ) up 15.27% on 452,993 shares traded, USA Technologies ( USTT ) up 24.64% on 18,416,412 shares traded, and Intellisync Corporation NASDAQ: SYNC) up 15.59% on 6,759,662 shares traded.
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Please be advised that LiquidOTC is often compensated for issuing press release, profiles or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating LiquidOTC's statements regarding a company. Strat Petroleum, Ltd. compensation from a third party: one hundred thousand shares for a thirty day awareness campaign from (Global Media Relations Corp.) LiquidOTC's officers and directors reserve the right to buy additional shares of the company discussed in this opinion and may profit in the event those shares rise in value. When LiquidOTC receives free trading shares as compensation for a profiled company, LiquidOTC may sell part or all of any such shares during the period in which LIQUIDOTC is performing such services.
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STRAT PETROLEUM LTD Delayed (8:07 AM EST)
SPRL 0.250 N/A
Today 5 Dy 1 Mo 3 Mo 1 Yr more Last Price 0.250 Change $ N/A Change % N/A Tick
Bid N/A Bid Size N/A Ask N/A Ask Size N/A
Open N/A High N/A Low N/A Prev Close 0.250
Last Trade 2/11/05 Volume 0 52 Wk Hi 0.290 52 Wk Lo 0.030
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STRAT PETROLEUM LTD Headlines As of Feb 14 8:22 AM EST
2/11/05 4:07 PM Strat Petroleum, Ltd. Reports on Current Status and Forward Momentum; Update on Orenburg Region - Business Wire 2/11/05 9:06 AM Pinkpicks.com Announces Profile Launch of Strat Petroleum, Ltd. - PrimeZone 2/9/05 4:57 PM Strat Petroleum Announces Agreement with Houston based Tejas Corporate Partners L.P. - Business Wire 2/7/05 4:07 PM Strat Petroleum Secures $2 Million Short-Term Lending Facility and $20 Million Long-Term Funding Fac - Business Wire 2/3/05 1:17 PM Strat Petroleum, Ltd. Announces Management Update - Business Wire
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WOW! How about that SPRL! - traders responded well to news, and still pushing it up on momentum! Not stopping, and would look to grab on a dip. Watch for more news to possibly come...
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Strat Petroleum, Ltd. Completes Agreement to Acquire 80% Profit Interest in an 11.25 Million Barrel Northern Orenburg Oil & Gas Property Wednesday February 16, 4:01 pm ET
TORONTO--(BUSINESS WIRE)--Feb. 16, 2005--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. Tejas Corporate Partners' geologist and senior management, having reviewed the seismic and other data presented, immediately recommended that Strat's Management sign the joint venture agreement. In addition, an initial review of data on six other fields presented by the Industrial Scientific Center, has led Tejas' team to advise Strat to participate in the tendering process on three of the fields. These other fields are similar and/or larger in scope than the Ementajevskoje oil site, and may also include producing wells.
Three drilling sites have already been identified on the Ementajevskoje oil site which covers over 300 square kilometers, and Strat Management expects drilling to commence in the next 60-90 days. In the interim, a feasibility study will be conducted to confirm total potential reserves of the field, including costs and development plans. Expected investment will range between $2.0 and $2.5 million for 3 wells, which should produce in excess of 500bbls per day per well.
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 barrels, 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 barrels of crude oil. Only about 1% of proven reserves have been extracted which not only leaves significant quantities yet to be extracted but large tracts of land still untested.
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.
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I'm new to this, don't have L2 yet, at least for BB's. Looks like it gapped early and jumped to 35 then leveled off. I bought in yesterday afternoon at 28. I've got my finger hovering over the sell button, but I'm still holding to see what happens.
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SPRL holding up very nicely....just does not stop. Slow and steady every day. Great news yesterday, and looks like people are holding gains at this level, in anticipation of further developments.
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Anyone take their profit an run with this when it broke .3? I'm looking to buy in pretty soon. The price is starting to look like a good buy in.
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Press Release Source: Strat Petroleum, Ltd.
Strat Petroleum Announces Agreement for Financing to Drill First Well at Ementajevskoje Oil Site Tuesday March 15, 4:00 pm ET
TORONTO--(BUSINESS WIRE)--March 15, 2005--Strat Petroleum, Ltd. (National Quotation Bureau: SPRL) Strat Petroleum, Ltd. today announced the finalization of an agreement to receive funding to develop the first well at the Ementajevskoje field and complete a feasibility study of the site. The agreement finalized with the Aurora Capital Shefa Fund LP, allows the Company to immediately draw up to $1.5 million for the completion of drilling of the first well and provide working capital. The agreement allows Aurora Capital to participate in the project under one of two alternatives to be finalized at the completion of the feasibility study.
Under alternative one, Aurora would earn a 33% interest in the first well and upon 100% return of capital, its interest would be reduced to 25% for the life of the well; Alternative two would allow Aurora the right to a 5% royalty on gross revenues from well production for the life of the well and 10% in warrants of the invested amount to be exercised 12 months after investment at a 50% discount to market.
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.
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