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jmhollen
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Hot dam*.....!!! SPRL finally made it into Alexander's Gas & Oil Directory:

Strat Petroleum UNITED STATES
Address: 245 Park Avenue, 39th Floor, NEW YORK, NY10167 UNITED STATES
Tel: +1 416 4196826, fax: +1 416 6617670
e-mail: info@stratpetroleum.com

Keywords: exploration/production company
http://www.gasandoil.com/opd/welcome.html

Click the "S" on the keyboard, then look down the Search Window for Strat Petroleum...!!!

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Posts: 94 | From: IA, USA | Registered: Jul 2000  |  IP: Logged | Report this post to a Moderator
BullzeBob
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....Yet MORE news from SPRL!
Fantastic news for their 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.

Posts: 489 | From: Florida | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Prospectus2035
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SPRL

Volume up... 15% gain today... like the looks of this company. Nice news also IMO.

Posts: 21 | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
   

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