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holly crap 3.5 million traded in 6 min. lots of buying going on this morning.
I have also posted this from the sec filings a couple times because I think it is important for long term shareholders not to forget the entire vision of SPRL.
Oil refinery is only a small part of the company's strategic plan.
Company Strategic Overview
The strength of the network developed in the Russian Federation, provides Strat
Petroleum with several avenues to build a strong asset based entity. Management
aims to take advantage of the various opportunities to grow the Company
aggressively in the shortest period of time. The opportunities presented to the
Company which we intend pursuing are;
1. investment in oil and gas fields;
2. partnering to provide drilling and servicing to oil companies
3. establishing a trading company for the sale of crude and refined
products through a subsidiary based in Europe;
4. acquiring a 50% interest in establishing a new small oil refinery;
To achieve the growth objectives, the Company intends to follow an aggressive
acquisition and sales strategy and pursue the best financing alternative for
each opportunity in order to realize early returns on investment. Strat's aim is
to be selective in securing those opportunities that have the lowest risk while
diversifying sources of revenue through sale of crude oil and refined products.
I would agree with you Snow IF Strat didn't have other bigger projects they were working on. If strat only planned to work the sludge pools already acquired then you are correct this may not have been such a good idea. But in order for Strat to secure new sludge piles for an independent operation without having to dilute the crap out of its stock to do so. I'm thinking The J/V is more positive then harmful to our shareholders.
"Currently Strat is working on securing licenses for processing oil waste that will allow it to secure 100% of the rights to process the reserves in the reservoir, thus not requiring local joint venture partners."
IMO JMCP is only ONE of Strat's J/V's, which will allow Strat to start new ventures of it's own. This j/v is a brilliant plan to get things rolling. Strat shares a small amount of it's current sludge pools in order to secure new sludge pools with rights to process independently. It's all about the bigger picture here... don't get caught up on one small j/v.
looks like J/V SPRL 60% JMCP 40%
nice volume today 4.2 in first hour and a half of trading.
http://www.eorpetroleum.com/71/index.html
Concept
The terms “secondary recovery” or “enhanced oil recovery” encompasses a variety of techniques designed to increase oil recovery from an existing well. Pressure in an underground formation pushes oil upward, allowing it to be extracted. In older wells and mature fields, this pressure has diminished over time, decreasing the flow of oil. Due to the significant drops in pressure, 30% to 70% of the original oil reserves have been untapped, as they are more difficult to recover using traditional recovery methods.
Secondary recovery techniques permit the injection of a substance, such as water or gas, into the formation. This increases the pressure and encourages the oil to flow more easily. New, highly advanced technology, chemical formulae and methodology, have created a niche market that has so far not been fully exploited.
Marginal Well Development
The primary focus will be to achieve growth through acquiring existing, mature oil fields to which proprietary EOR technologies can be applied resulting in increased production ranging from 300% to 1000% (based on results achieved on 13 wells tested on the properties between December 2006 and March 2007). The portfolio of oil properties that can be acquired will provide ample opportunities to apply EOR technologies. The potential of these assets is shown in the IOGCC report dated March 2006.
Research indicates significant acquisition opportunities will continue to exist primarily because the major energy companies and large independents continue to focus their attention and resources toward the discovery and development of large fields. During the past several years, the major companies have been divesting themselves of their mature oilfields.
Further, the recent economics of the oil and natural gas market have improved as prices have risen substantially. These conditions provide ample opportunities for smaller independent companies to acquire and exploit mature U.S. oil fields.
Competition for such properties is expected to increase in the future, but less so in the marginal oil well sector. Management will continue to selectively target potential acquisition candidates in a disciplined manner, which involves being financially prudent and acquiring assets that meet established engineering/operational standards. By adhering to a disciplined approach, the expectation is to continue to find attractive economic acquisition and development opportunities.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.
Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.
EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
Enhanced Oil Recovery Technology
The technology for stimulating marginal wells is founded on a number of proven technologies firstly developed by Texaco in the late seventies. Today, there is recognition that there are three critical components to well stimulation technologies:
Pressure - When pressure is applied to the wells oil production can increase significantly.Chemical - When chemicals are applied to the well, they can dissolve paraffin and waste materials which have been accumulating in the well bore and the fracture over the course of operating the well. This build-up prevents the oil from flowing into the fracture and the well bore. Surfactants have the ability to reduce the surface tension between the oil and the rockThermal – Heat has the ability to lower the viscosity of the trapped oil, thereby making it easier to extract.
The focus is to have chemicals and surfactants driven deeper into the formation in combination with heat and air pressure, to maximize the recovery of trapped reserves.
from EOR website. almost word for word in jmcp's Pr.
Marginal Well Development
The primary focus will be to achieve growth through acquiring existing, mature oil fields to which proprietary EOR technologies can be applied resulting in increased production ranging from 300% to 1000% (based on results achieved on 13 wells tested on the properties between December 2006 and March 2007). The portfolio of oil properties that can be acquired will provide ample opportunities to apply EOR technologies. The potential of these assets is shown in the IOGCC report dated March 2006.
JMCP Corp.: (Pink Sheet: JMCP) Additional Information on Joint Venture for Enhanced Oil Recovery of Stripper Wells
6/8/2007 1:09:25 PM
Pink Sheet: JMCP, Jun 08, 2007 (M2 PRESSWIRE via COMTEX) --
Mr. Frank Love, President of James Monroe Capital, is pleased to provide additional information on a Joint Venture for the enhanced oil recovery of Stripper Wells.
Mr. Love states, "We signed this joint venture about a month ago. The joint venture partner wants to remain anonymous for now since they are in the process of purchasing stripper wells for both parties involved. Once this purchase of stripper wells is complete we will add our enhanced oil-recovery techniques enabling more oil production from the existing wells."
Mr. Love is also happy to state, "Once this purchasing process of wells is complete James Monroe Capital Corp. should have an immediate cash-flow for our company in a relatively short time frame."
Stripper Wells
Stripper wells, often known as marginal wells before 1960, often produce less than 10 barrels per day. However, they are economic necessity for the United States since they produce more than 17% of all the oil produced onshore in this country.
Existing Oil Fields
The existing, mature oil fields that will be acquired and then the enhancement process added will result in increased production ranging from 300% to 1000%. The portfolio of oil properties that can be acquired will provide ample opportunities for us to apply our techniques. We anticipate getting interest from other owners of stripper-wells once our success is documented.
Mr. Love states, "I will be announcing details once the stripper wells have been acquired and our Joint Venture Partner gives us permission to reveal their identity".
could this be SPRL.... EOR????
JMCP Corp.: (Pink Sheet: JMCP) Additional Information on Joint Venture for Enhanced Oil Recovery of Stripper Wells
6/8/2007 1:09:25 PM
Pink Sheet: JMCP, Jun 08, 2007 (M2 PRESSWIRE via COMTEX) --
Mr. Frank Love, President of James Monroe Capital, is pleased to provide additional information on a Joint Venture for the enhanced oil recovery of Stripper Wells.
Mr. Love states, "We signed this joint venture about a month ago. The joint venture partner wants to remain anonymous for now since they are in the process of purchasing stripper wells for both parties involved. Once this purchase of stripper wells is complete we will add our enhanced oil-recovery techniques enabling more oil production from the existing wells."
Mr. Love is also happy to state, "Once this purchasing process of wells is complete James Monroe Capital Corp. should have an immediate cash-flow for our company in a relatively short time frame."
Stripper Wells
Stripper wells, often known as marginal wells before 1960, often produce less than 10 barrels per day. However, they are economic necessity for the United States since they produce more than 17% of all the oil produced onshore in this country.
Existing Oil Fields
The existing, mature oil fields that will be acquired and then the enhancement process added will result in increased production ranging from 300% to 1000%. The portfolio of oil properties that can be acquired will provide ample opportunities for us to apply our techniques. We anticipate getting interest from other owners of stripper-wells once our success is documented.
Mr. Love states, "I will be announcing details once the stripper wells have been acquired and our Joint Venture Partner gives us permission to reveal their identity".
maybe we're merging with EOR.
and when did we close at .035?
true.. true.. and so much for the argument that strat has no chemical process's in the works.
up 25% last time I looked (2 secs ago) although it was good news, pretty much an update to let us know they're still alive and kicking. Not near the news investors are looking for. now if that Pr stated process agreement has been signed and test results at sludge pool showed indications of 3800 bpd of refined oil produce.... we'd all be grinning from ear to ear. This pr to me is a message saying we're still working on getting things done, please hang in there.
imho. So we wait some more. our day in the sun will soon come, just not today.
Best part of that PR:
"Strat is pursuing a couple of other projects which will be announced in the near future along with further information on progress regarding oil waste processing. "
actually, he put one out last week.
I have tried to get a hold of Sam for the past few weeks with no luck. It has been a very long time since I have last spoke with him.
If anyone has been in contact with him lately and discussed any of my following questions could you please email me at greenbullz@hotmail.com
1. Are we still currently refining oil sludge.
2. Do we currently own any oil sludge equipment.
3. With financial reports complete why have we not disclosed this info.
4. why have the last two auditing firms had such a hard time doing the financials.
5. When will we be making financial reports public.
6. Is their still a plain of getting us off the pinksheets.
7. Is their any business relations between Strat and EOR
Pardon my ignorance… I’m a Canadian boy!
Just a coincidence the company Sam is setting up a joint venture with has an interest in 150 well field in PA, just like EOR does, which Sam is also involved with?
http://www.wallst.net/audio/audio.asp?ticker=JMCP&id=3379
in this interview with frank love, he explains his focus in the oil business. 1. Oil sludge- which turned out to be a joint venture with Sprl.
Another focus is 150 wells in PA "the Quaker State" which I believe will be a joint venture with EOR Petroleum which Sam is CFO. listen to this interview and then read this portion from the EOR website. not hard to put the pieces together. Now what will the link between SPRL and EOR be?
from EOR website.
The company intends to initially secure options for wells on a number of properties in Venango County, PA, and then expand to other regions of the US based on the amount of funding available, cash flows generated, and value of the leases. Research indicates that secondary oil has never been recovered in the Venango Sandstone Formation. The longer term strategy is to reinvest the majority of cash flows generated to acquire as many wells as would be feasible to manage, and enter into optional agreements with owners of wells abroad to apply our solution.
Estimates have the proven secondary oil reserves at approximately 330 million barrels (1 Million Barrels = 1 MMbls) of oil in the Appalachian Basin Reservoir, based on a report by the US Department of Energy, with OOIP (Original Oil in Place) remaining reserves exceeding 60 billion barrels. The first two options the JV is securing have OOIP estimates in excess of 40 MMbls, based upon surveys performed by Quaker State on the immediately adjacent properties during the mid-1970s.
EORP has set a strike target of treating up to 20 new wells per month by each two-person crew. Thus based on available funding and cash flows, all 154 wells could be treated by two crews within 4 months. Further expansion of wells will be dependant on our local management’s ability to recruit qualified staff. This limiting factor is a given with the current level of activity in the oil industry. Our local management, however, is confident they can recruit workers who have left the industry once commitment is in place with funding and a program to rebuild wells on an ongoing basis.
http://www.eorpetroleum.com/71/index.html
shadow, can you email me, I've lost your email... I would like to send you something. greenbullz@hotmail.com
abbam, thanks for the private message, back on 4/20/2007. I didn't catch it till now!
interesting.
just thinking out loud....
Strat decided to suspend the duty to file reports, due to having less than 300 share holders on record. On June 9, 2006 Strat had 235 shareholders of record. If everyone here had just one of their SPRL shares sent to them in certificate form, that would probably bring the shareholder count above 300, and would force Strat to disclose their financial reports.
I could not get a hold of Sam last week, nor this week. I taked with tayna and she said that he was out of town till next week.
I'll try again then.
where do you see this?
I'm sure you'd be surprised with the amount of Longs still holding shares that have become mute including myself. I use to post quite frequent, however still check this board everyday, and read every post. Sam needed time to build Strat Petroleum, time is what I gave him, I did not expect sprl to be a three dollar stock over night. I have spoken to Sam quite frequent in the past, however realized his time was more beneficial working on growing the company rather than explaining himself to shareholders. He's explained his vision to myself, and others here as well, his vision has not changed... but it does need time to be executed. Strat stock will eventually be valued accordingly because of what Sam has accomplished, not for how many Pr's has been released, or how much hype he can generate.
Current share price SUCKS HUGE, especially for those of us who have been in this from the beginning. If I put the funds that I have invested in strat at the current share price, I'd be holding several Million shares. I commence all you newer shareholders, and quite frankly am quite jealous you were given the same opportunities as myself for a fraction of the cost. The real winners are you new share holders that got in at these low levels that are willing to give it time.
I have trying to get a hold of Sam over the past few days just to touch base. Last time I was in contact with him was in a conference call with some of you, where he invited us to participate in one of his proposed joint ventures. I will communicate to the board any information I feel may interest you when I get a hold of him.
thank you. I keep searching Russian articles for Strat, however it's hard to find the dates on them. thanks again.
STATE OF PETROCHEMICAL COMPLEX AS A WHOLE GOVERNMENT CONTROL - FRONT proposes to introduce the floating scale of duties to the oil - THE STATE OF COMPLEX in THE REGIONS - KHMAO it plans to develop investprogrammu for the period up to 2010 - INTERNATIONAL COMMUNICATION SERVICE - "To slavneft'" it proposed its aid in the reconstruction Of "mozyrskogo NPZ" - SP of lUKoyla and ConocoPhillips will begin to work to May - By "gazprom" signed agreement BASF - Western partners they designated the conditions for collaboration in the energy sphere - ECONOMIC POLITICS in THE MIRROR OF THE INTERESTS OF COMPLEX - to 2010 Russian economy they promise to reorient from the raw resources to the information texnologies - INVESTMENT CLIMATE - "menatep" it leaves for the Israeli market neftekhimi - Sberbank it will isolate "kazan'orgsintezu" credit to 64 million dollars - Strat Petroleum is assembled to purchase Russian company - Technimont will build in Omsk plant for the production of polypropylene; FOREIGN NEWS - the Asian countries soon they will leave to the leading positions in the petroleum chemistry - the American producers of synthetic rubbers they accused of the kartel'nom agreement - Novapak achieves investments in PETF production - Novapet neglected new plant for the production PETF in Spain - ChevronTexaco it increases active memberships - an increase in the incomes of Chinese chemical producers slows down - Sanyo Chemical is intended to increase sales of basic products for 50 % - Dow Chemical Company increase prices of glycidyl methacrylate - Pfizer ended sale of inhibitor Bextra - China National Offshore Oil Corp it will build the plant of melamine together with DSM - Agrium Inc. increase the power of the production of carbonate potassium - Avon will neglect in Peking its system of straight sales - Degussa increase the power of the production of technical carbon in China - the government of Turkmenia created new mineral- chemical company - Bayer conducts the negotiations about the acquisition of active memberships in Japan - Arburg increased sales of equipment for the casting of plastics - DSM sells the subdivision of baking ingredients - Dainippon Ink and Chemicals Incorporated buys company Eques Coatings B.V. - Solvay it plans to begin the production of food soda in Germany - Thai Olefins invests in the expansion of production capacities - Yaponi - the most important importer of the petrochemical production of Iran - Farmindustriya of Belorussia it let out in 2004 of more than 30 it was specific new preparations - Ukrzal.iznitsya increased tariffs on the transportation of fertilizers - PETROCHEMICAL EXHIBITIONS - in Iran from 14 to 17 April passed the 10th exhibition of oil, gas and petroleum chemistry - DESIGNATIONS and OF RESIGNATION - the Top- management of Syzran' "plastic" it divided the spheres of responsibility - Oleg chemezov it was appointed as the Vice President OF TNK-VR - Vadim Vorobyev it was appointed as the Vice President Of "lUKoylA" - Andrey Kondratyev he became director from the work with the enterprises of the natural gas sector of company "BDO Of yunikon Of konsalting" - INNOVATIONS and INVENTIONS - Belorussian scientists created biological preparation for the liquidation of the floods of oil and petroleum products - EMERGENCIES, INCIDENTS, CRIMES - OOO Of "mezhregiongaz" granted into THE FRONT documents on business about the deliveries of gas to Kirov -Cepeqki1 chemical plant - LUKoyl it requires from Canadian partner $100 of million - production association "lighthouse" she became the figurant of criminal case - on two giants of the petroleum chemistry of Poland can be superimposed the antimonopolistic sanctions
http://www.ancentr.ru/portal/printout3051.html
and I'm not getting excited till this cracks .10
When you've seen thousands of dollars turn to pocket change it's hard to get excited over sub penny movements.
I think we've been ready for the past two and a half years.
On July 12, 2004 F2 Broadcast went through a change of control from
the shareholders of Inese Ltd. a Company incorporated in Ontario, Canada. The
nature of the transaction involved the acquisition of 100% of the outstanding
shares of Inese Ltd. by F2 Broadcast in exchange for 60.67% interest in F2
Broadcast. Upon completion of the transaction, Inese would be a wholly owned
subsidiary and F2 Broadcast the parent would continue to exist under a new name,
Strat Petroleum, Ltd. with Inese now existing under its new name Strat Petroleum
(Canada) Ltd. The Company was redomiciled as a Wyoming Corporation on July 9,
2005.
Strat Petroleum's vision is to build a strong, vertically integrated petroleum
company based on opportunities available in the Russian Federation. This will be
accomplished through acquisitions of interests in licenses to develop crude oil
sites with proven reserves, equity investment in one or more refineries, and
through the sale of refined products secured from a number of refineries with
which the Company or its Russian partners have very strong relationships.
The management team and its supporting network in the Russian Federation can and
has secured the rights to participate in projects in the oil and gas industry.
The Company is seeking very strong and aggressive groups with financial strength
who will be our partners, to take advantage of the opportunities we have
available.
Company Strategic Overview
The strength of the network developed in the Russian Federation, provides Strat
Petroleum with several avenues to build a strong asset based entity. Management
aims to take advantage of the various opportunities to grow the Company
aggressively in the shortest period of time. The opportunities presented to the
Company which we intend pursuing are;
1. investment in oil and gas fields;
2. partnering to provide drilling and servicing to oil companies
3. establishing a trading company for the sale of crude and refined
products through a subsidiary based in Europe;
4. acquiring a 50% interest in establishing a new small oil refinery;
To achieve the growth objectives, the Company intends to follow an aggressive
acquisition and sales strategy and pursue the best financing alternative for
each opportunity in order to realize early returns on investment. Strat's aim is
to be selective in securing those opportunities that have the lowest risk while
diversifying sources of revenue through sale of crude oil and refined products.
now how are they not following their plan?
As Velvet has previously mentioned, Sam did say he had to issue shares in order to close some of the deals in process. Now I don't think Strat is selling in the open market, from what I took from it is that they issued shares to a third party, who just may be selling... but who knows for sure!
Email recieved today
Dear , The total o/s shares of Strat Petroleum Ltd. as of today, is 217,821,351. At this time the breakdown of float and restricted is not available, due to the prior transfer agents records.
Hope this helps!
Regards,
Joanne
Select Fidelity Operations
Don't let this line be overlooked!!!
"At present company also examines the possibility of the acquisition of production active memberships and licenses for oil production in Orenburg region."
http://news.kkb.kz/news/show.asp?no=414132
older news article which has never been posted.
Toronto. 3 May. INTERFAKS-ANI - SP of the Canadian Strat Petroleum with the Russian partners - Strat Nafta Ufa (SNU) acquired three licenses for oil production in Bashkirya, reports SNU. The hydrocarbon reserves of the layers, to which SNU were obtained the licenses, are evaluated at 450 thousand tons, the cost of the reserves of these layers composes $36 million. With the acquisition of the new licenses SNU increased the cost of its reserves to $60 million. At present company continues the negotiations with the Bashkir authorities about the acquisition of licenses to the layers with the reserves of 1-2 mln. tons. Also company reports about obtaining of the approval of the government of Bashkirya to the building of oil refineries next to the layers, which it develops. Company Strat Petroleum deals with investments into the natural gas active memberships in RF and contiguous countries. At present company also examines the possibility of the acquisition of production active memberships and licenses for oil production in Orenburg region.
http://news.kkb.kz/news/show.asp?no=414132
Lynx said they would inform sharholders of more information once they meet with management, this does not mean we should expect a pr. It wouldn't be a suprise if we got one within the next few weeks, however it should not expected.
thanks eik, I was trying to find a date, however there was non posted on the link i found.
sorry to all.
better translation
THE MISTY ROLE OF FOREIGN INVESTORS in THE FORMED NEW MEANS NGK - the deputy minister of natural resources RF elucidated American to the associate of the standard of the project of law "about the depths" - the confidence of foreign investors it can be finally blown up - By "gazprom" and BASF creates BY SP on the transport on the northern-European gas pipe - RWE continue negotiations s "Gazpromom" - By "gazprom" it searches for general partner in The shtokmanovskyyu layer on the American market - Royal Dutch Shell charges the Kremlin with the discrimination - Shell will build NPZ in Russia - "trans-oil" it hopes to increase the capacity of Baltic pipeline system due to the western loans - "trans-oil" not it will draw Japanese credits for the building of eastern oil pipeline - FRONT refused Siemens in the purchase of "power machines" - Chapter MERT does not exclude sale to the part of "power machines" to concern Siemens - Strat Petroleum it is going to purchase the Russian petroleum company
ANOTHER GOOD FIND:
http://www.ancentr.com/portal/article3047.html
(translated by translation2.paralink.com)
FOGGY ROLE of FOREIGN INVESTORS In FORMED NEW IMAGE НГК - the Deputy minister of natural resources of the Russian Federation has explained American to the colleague of norm of a bill « About bowels » - the Trust of foreign investors can be finally undermined - "Gazprom" and BASF create the joint venture on transportation the North-European gas main - RWE continues negotiations with "Gazprom" - "Gazprom" searches the main partner on Штокмановскому to a deposit in the American market - Royal Dutch Shell accuses the Kremlin in Discrimination - Shell will construct НПЗ in Russia - "Transneft" hopes to increase throughput of the Baltic pipeline system due to the western loans - "Transneft" will not involve the Japanese credits for construction of East oil pipeline - ФАС has given up Siemens in purchase of " Power machines » - Chapter МЭРТ does not exclude sale of a part of " Power machines » to concern Siemens - Strat Petroleum is going to buy the Russian oil company