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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