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benz, you still around?
Oil Exchange Plan Appearing Crude
By Yekaterina Dranitsyna
Staff Writer
The government has developed guidelines to establish a crude oil and oil product exchange, President Putin said Saturday, suggesting his native city of St. Petersburg as its possible location."The government has practically completed the concept of such an exchange," the Prime-TASS news agency cited Putin as saying at a meeting with the city governor, Valentina Matviyenko, at the Konstantinovsky Palace.
"One of the places where the exchange could be located is St. Petersburg. I have talked today to the presidents of Azerbaijan and Kazakhstan, who are interested in taking part in this project. I think it would be a key development for the whole country and for the city of St. Petersburg," Putin said.
Matviyenko replied that "there is no better place to locate such an exchange than in the city's historical Stock Exchange building."
At the moment this building houses the Naval Museum. Matviyenko said the museum could be relocated to another building, and the Exchange would, after reconstruction, again fulfill its original function.
"I don't believe that this oil exchange will work," said Yelena Savchik, analyst for oil and gas at Renaissance Capital investment company.
"When one takes into account the fact that there is no real market for oil in Russia, that a couple of large companies control the whole industry, the idea of an oil exchange is unlikely to be realized any time soon," she said.
As for locating the oil exchange in St. Petersburg, Savchik was of the opinion that, since "all actions in the stock exchange are effectively virtual, the location of the exchange is really of no importance."
The only outcome of locating the oil exchange in the city would be the "redistribution of taxes to the local budget," Savchik said.
Matviyenko has already succeeded in poaching large taxpayers from all across Russia. Recently Transnefteprodukt, Sibur Holding, Sibneft, Transaero, Gazpromneft, Vneshtorgbank and Rostelecom have reregistered in St. Petersburg. Sovkomflot is soon to follow their lead.
Mikhail Zak, head of analysis at Veles Capital investment company, also suggested that the choice of St. Petersburg could result from "the desire to redistribute cash flows between the two capitals."
Proximity to oil pipelines and transport hubs is an advantage, but not the decisive factor, Zak indicated.
Trading rules are still unclear, so small and medium companies would not show much interest, Zak said, while large consumers are unlikely to break their direct ties with suppliers.
Zak did suggest, however, that the oil exchange would improve oil pricing inside Russia.
"At first this exchange will work in vain, but gradually its status will improve, especially if reinforced by legislation," he said.
Another analyst was generally more positive about the proposed project.
"It makes sense to create an oil and gas exchange in St. Petersburg," said Anton Gadeudin, analyst at Brokercreditservice.
"St. Petersburg is close to Europe and to that consumer market. The North European Gas Pipeline is under construction and the volume of gas it plans to transport is significant.
Foreign consumers need something like an exchange to get quoted future contracts," Gadeudin said.
Gas and oil are closely related, so it makes sense to introduce them both on the same exchange, Gadeudin concluded.
About 25 percent of oil exports go through the Northwest region, he said, while the volume of gas exports is even higher.
The RTS (Russian Trading System) and the St. Petersburg Stock Exchange introduced oil futures some time ago, however only speculative traders have so far used this option, Gadeudin said.
"Large suppliers must make an effort to attract large consumers to this exchange, if it is to offer not only speculative futures but real delivery of oil."
we're probably going to see some new faces shortly, I'm sure a lot of people sitting on the side lines jumped in on this dip. Welcome aboard!
nice buy, IMO This is a very good entry point… well below mine. This is a wicked dip for those who missed the boat the first little run, and also good for people to average down a bit more!!! This is just the beginning my friend!
I picked up some more at .0275! nice, thanks for the dip!!!
Eat them up YUM!
your answer was in the Oct PR:
" intent to form a joint venture with a private European entity to begin processing of the oil sludge reservoirs acquired by its subsidiary Strat Nafta Ufa (SNU) in the Republic of Bashkorstan.
The agreements, currently being completed, will provide the first stage of financing required to establish between two and three units to process significant quantities of sludge on a daily basis. Although all agreements have yet to be completed, financing for the first unit has already been provided and mutual commitments have begun"
IMO the first unit is what we have producing right now, the other two units that the agreements "yet to be completed" (which may now be completed) will be payed from the J/V.
i'm fine with saving the run for another day 20% a day is a nice steady climb for me thanks.
this confirms my previous post as to bigger and better things to come:
Company also could over the long term be occupied by the development of petroleum pour on participate in the building of oil refineries in the territory of edge. For the start of project it is proposed to create joint enterprise with the participation of Stavropol and Canadian sides.
Governor A.Chernogorov zainteresovanno listened the proposals of the management of "striae petroleum LTD" and aimed Canadian partners at conducting of the wide presentation of their project in the east of edge, in JOINT STOCK COMPANY "petroleum company" To rosneft' "- Stavropol'neftegaz", also, before the specialists of the territorial ministry of natural resources and protection of environment.
http://gubernator.stavkray.ru/news/21_11_06_2.htm
Posted by: greenbullz
In reply to: snow who wrote msg# 6794 Date:11/21/2006 2:52:38 PM
Post #of 7064
Sludge processing is only part of what Strat is all about, you could say it is going to be a stepping stone to bigger and better things. Sludge Processing = Revenues. Revenues = Leverage. Leverage = Endless opportunities.
Sam is looking to build a fully intragrated Oil company, not just an oil refining company. Other projects are currently being worked on. Most people can not see the whole picture here because they're too short term.
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.
Point # 4... Done, now lets move on to points 1 through 3.
any new shareholder can get a monthly report on earnings and allocation of proceeds directly by email from strat. To get on the distribution list contact Lynxir.
Company IR firm: Contact person Emily
http://www.lynxir.com/ (858)488-4049
existing shares from Joann at Select Fidelity Transfer as of November 24th are:
Outstanding.........181,321,351
Authorized...........500,000,000
Restricted...........*Unknown
Float Probable..126,000,000
*Joann said the stock split in 2004 has made the restricted share quanity harder to define. She estimated the number at 55,000,000.
For thoes interested to see what Sam looks like, Sam is the one with the glasses on the left hand side of the pic.
Broke resistance next level .05 - .06
What a beautiful beginning to a weekend. Hope you Americans had a wonderful Turkey day. Looking forward to Monday. Cheers,
Bullz
.019-.023
velvet... were you ever a member of the private board?
Strat's business plan has not changed, the way they are looking to achieve their goals may be different, however the same goals are in place. Sam wants the best financing alternative for each opportunity in order to realize early returns on our investments, that would also be faverable for our shareholders. After further "dd" from sam and Management some of the other financing agreements prevented Strat from continuing with opportunities previously anounced. However Sludge processing is a done deal, with revenuse coming in. This will alow Strat to take a better aproach in securing some of these other opportunities that Strat is looking into. Sludge processing is a huge step in the right direction to accieving Strat's Business Plan.
IMO the sludge processing was a strategic play to inexpensively generate revenue quickly, . 10 years of 40 million dollars worth of annual revenues is pretty darn good for a small start up company with no previous revenues. It will also have a huge impact on negotiating better J/V's and more appealing financing to lead into the other opportunities Strat has been introduced too. .It also is just the little scratch on the surface as to what is to come.
Sludge processing is only part of what Strat is all about, you could say it is going to be a stepping stone to bigger and better things. Sludge Processing = Revenues. Revenues = Leverage. Leverage = Endless opportunities.
Sam is looking to build a fully intragrated Oil company, not just an oil refining company. Other projects are currently being worked on. Most people can not see the whole picture here because they're too short term.
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.
Point # 4... Done, now lets move on to points 1 through 3.
moving up .018-.019
sprl back on the top 100 popular request leaders on pinksheets.com.
looks like we're back on the radar.
.024-.025 looking good.
from Ragingbull
By: yzzil8
14 Nov 2006, 03:13 PM EST
Msg. 23690 of 23690
Jump to msg. #
Lynx Consulting
For What It's Worth: A Lynx representative returned my call this afternoon. They tell me they have been retained by Strat Petroleum for the purpose of communications with investors and will be sending out a monthly e-newsletter.
post new rise... how's that lol.
Getting close to the EOD... lets see if the buying pressure increases. people may want to get in before the second day rise.
i wish I had put all my money into sprl at these prices, if I put the funds that i bought into sprl in at these prices I'd have close to 2 million shares. WOW, must be nice to be a newcomer to sprl!
Has anyone confirmed that Sam has left for Russia yet?
if this breaks .03 we could easly see .05 today. Could this be the point of no return?
Good luck to all, and congrats to all longs who have held on this crazy sprl ride!
I’m starting to get excited about SPRL once again!
"subject to rig availability" is the part of the paragraph that would cause a delay. there would be nothing to report if there is no rig to ship. Delays in drilling happen in the business more than drilling on their expected dates. An oil investor knows this and it's a non issue.
well if a random "jack" says hell i can't even return phone calls most of the time unless they are something that needs my immediate attention.....
how do you think a CEO of a start up oil company feels when he's getting hundreds of messages a week.
and people have the ballz to wine about not getting their call returned!
again boomer... this isn't the prove other posters wrong board. grow up please.
ok boomer, no one gives a sh@t, you always need to get the last word in even if you are wrong, please be a bigger man and post on SPRL, if you must comment on other's please do it on RB.
Aggie the thing is EVERY board he posts on he makes the board about him... not sprl. this post is directed to aggie, no one else need reply.
please remove this post i just created, and post msg# 6135, neither of them have anything to do with sprl, just posting about other posters. Do we have to go through this again???
Keep your bickering to raging bull.
good to see you're still here king. Also check out sprl, very good news released today after months of waiting!
Kingguy... you still here?
Keep in mind this is just my opinion, and I have not verified any of this with Sam, but perhaps the 100K worth of shares issued has been worked towards one of the J/V Strat is negotiating with. Strat fronts 300k worth of Sludge to be processed, and contributes $100k to go towards machinery. The European investor contributes 400K and bad’a boom - bad’a bing… we’ve got ourselves an onsite Oil refinery producing Revenue in as short as three months…. I like that thought. Come on Sam, lets see your next PR.
I hope all you early investors who got into King at the high teens/low twenties got a chance to average down. Looks like we've got a nice hill to climb. IMHO I don't think we're gunna see anywhere below 10 again anytime soon.
Crossbow, in no way was I trying to imply I’m looking for a company to put out PR’s in order to create hype. I am quite impressed with King and the way they have conducted themselves. All that I was saying is that I think the J/V Consortium will bring a lot more value to the underlining business. Once King is able to secure and discloses some of these new opportunities to our shareholders the share price will look after itself.
Other news to look forward which will have a great impact on the share price:
Updates on current projects,
Filing with the SEC,
Drilling and pumping oil,
Revenues,
Applying to a major exchange,
Watching the progression of KING is going to be a lot of fun!
IMHO the PR was actually bigger than most people think. There was not a lot of hype generated due to the lack of specific benefits King would receive after implementing this consortium. Once King is in negotiations, and provides the shareholder with details of the new and upcoming projects, I think King’s share price will really start to take off. A key statement in this last PR is this:
King's exploration team has successfully led similar consortiums in the past, which resulted in discoveries offshore Texas and offshore Louisiana, including the Vermillion area, where King has a Farmout on 10,000 acres with a potential of 250 BCF of gas. Some of these discoveries are still producing after more than 20 years.
This new Consortium IMHO will bring some very interesting project to the table.
Not to mention we also have a lot of updates due on the current projects we already know about.
We’re sitting in a very good position right now.