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I'll trade you the girls for my sprl shares!
This is my opinion of what is going to happen with this stock. The run up we are seeing is due to all the talk of PR's which are "soon" to be released by the company. We know how the word "soon" works with Sam. After one, two, three weeks with no press releases the stock will come back down to .004-.005. IMHO I would not rush into buying, wait it out and buy when the s/p is back to ground level. I owned and watched this stock for close to 4 years, I could wrong, but that's only my opinion.
who or what is "Crude Awakening"
Babel Fish Translation Help
In English:
Weekly information of 23 November, 2006. 1. activity of governor. On 17 November were carried out ten years from the moment of election by the governor of the Stavropol territory A.L. Of chernogorova. In its anniversary A.L. Of chernogorov it met with the young people of edge. It entrusted the nominal certifications of governor grant-aided students 107 to students and being studied. They all are the excellent workers of studies, they are actively occupied by scientific and social activities. In his presentation the governor of edge noted that after being repeated young people always appeared and remain the most competent, active and life-asserting part of the society. It perceptibly influences the social and economic and spiritual- moral development of the country and the Stavropol territory. We can be proud, noted A.L. Of chernogorov that the student motion on Stavropol'e preserved and increased its best traditions. They were its constant features and remain rich intellectual and creative potential, civil activity, sincere patriotism and readiness to dedicate their knowledge and labor for the good of native Stavropol'ya and Russia as a whole. On the commission of the governor Chernogorova A.L. edge Stavropol delegation headed by the minister of industry, transport and connection of the Stavropol territory S.A. Berezinym took part in the session of the group of coordination on the solution of the fuel-energy problems of the association of the economic cooperation of the subjects of the Russian Federation of southern federal region the "North Caucasus", which was passed on 17 November to the Rostov-on- Don. At the session are examined questions of the introduction of the generating power and their further development to the territory of the subjects of region, basic trends in development of power engineering of the North Caucasus for the period up to 2010. Within the framework of the work of coordination group took place the ceremony of the official discovery of the forum- exhibition, on which the enterprises of the south of Russia presented their developments in the sphere of the development of the fuel-energy complex of region. On the sums of work is introduced a number of proposals to the council of association "North Caucasus" on questions of the development of the energy complex of southern federal region. On 17 November A.L. Of chernogorov were accepted that arrived in the edge of Vice President, member of the administration L. ponidelko of "electronics" L. bank. As object of consideration in the current conversation of steel the questions, connected with the intention of bank to participate in the realization of a number of projects in the territory of edge and the discovery in the beginning of 2007 in Stavropol' of the branch of bank. In turn, the governor of edge emphasized the interest of territorial government in the attraction of additional investments in the interests of the realization of priority national project in the sphere APK and informed L.Ponidelko about the state of affairs in the agrarian sector of the boundary economy and the prospects for his further development. On 20 November in the government of edge under the chairmanship A.L. Of chernogorova took place the session of the administration of the boundary fund for required medical insurance. Within the framework of session the questions are examined: "about the project of the law of the Stavropol territory" about the introduction of changes in the law of the Stavropol territory "about the budget of the Stavropol boundary fund for required medical insurance in 2006"; "about the budget of the Stavropol boundary fund for required medical insurance in 2007"; "about the realization of national project in the sphere of public health in the directions, financed due to the means of the budget of the Stavropol boundary fund for required medical insurance" and others. The corresponding resolutions are adopted. On 20 November the governor Chernogorov A.L. edge conducted encounter with the key personnel of the American- Canadian company of "striae petroleum LTD": by the President of company Semom By khaymsom, by Vice President Khaymom Flattom, by director on Robert yeggya's technology and by the financial director of company Nestor voychishchin. On Stavropol'e of "striae petroleum LTD" plans to enter with the ecological project of cleaning petroleum sludges in the zone of oil output in the east of edge. Canadians developed the unique technology, which allows with the aid of the chemical means and the chemical-mechanical processes to split slimes into the clean oil (more than 90%), water, clay, sand and other soil formations. Over the long term the company could 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. A.L. Of chernogorov aimed Canadian partners at conducting of the 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. The representatives of American- Canadian company left into The neftekumskiy region for the idea of their proposals to the organs of local self-guidance and to the working oil-industry workers. The delegation of edge headed by the governor OF A.L. Chernogorovym in Moscow on 21 November participated in the All-Russian conference of the leaders of law-enforcement agencies regarding "about the state of work and the corollary measures on intensification of crime control and corruption in the Russian Federation". 2. the decisions of major importance of the organs of power of the state and local self-guidance. Decision of the governor of the Stavropol territory of 20 November, 2006, № 789 "about the introduction of changes in boundary special-purpose program" state support of the Cossack societies of the Stavropol territory during the years 2006-2008 ", affirmed by the decision of the governor of the Stavropol territory of 20 April, 2006, № 223"; the decision of the government of the Stavropol territory: of 15 November, 2006, № 142- p "about the dimensions of the compensation of the expenditures, connected with the official missions in the territory of the Russian Federation, to the workers of the budgetary establishments, financed due to the means of the budget of the Stavropol territory"; of 15 November, 2006, № 143- p "about the introduction of changes in the decision of the government of the Stavropol territory of 4 November, 2003, № 192- p" about the transfer of the watered earth into the nonirrigable earth in the Stavropol territory ". 3. vacancy of leaders and deputy chiefs of the organs of the executive power of the Stavropol territory as of on 23 November, 2006. The vacancies of leaders and deputy chiefs of the organs of the executive power of the Stavropol territory be absent. 4. events, which cause public resonance. The situation in the sphere of mezhetnicheskikh, between confessions relations and in the medium of cossacks as a whole remains stable. Extraordinary accidents and the crimes, perfected on the etnokonfessional'noy basis and causing wide it is public - political resonance, it is not registered. On 19 November, 2006, into Stavropol' over the area of the name of Ordzhonikidze took place the meeting, organized by the representatives of the initiative-taking group of the support Of konontseva B.V., within the framework of the program Of "politZavod-200'" of public organization "young guards of united Russia". Conducting this action is connected with the fact that by the Stavropol regional department of party "united Russia" on the competitive basis is conducted the selection of young people, capable of participating in the political life of edge, including in the composition of the party list of candidates to deputy of the State Duma of the Stavropol territory from "united Russia". The purpose of this meeting it was to support the adoption of law about the prohibition of play automata and the removal of special zones for gambling business. At the meeting participants in the program had to show their organizational and oratorical abilities. In the carried out measure participated of approximately 30 people, in essence of young age. On 20 November in the building of the administration of Stavropol' city took place the sanctioned picket, organized by the group of the activists of the regional department of association "voice". As the occasion of taking measure they served publication in the newspaper "opened" on the facts of the participation of the workers of the administration of Stavropol' city in the bribery of the deputies of Nevinnomyssk municipal duma. During the action went the collection of signatures in the support of the newspaper "opened". In the measure was accepted the participation of 10 people.
http://www.gubernator.stavkray.ru/kalplan/november/23_11_06.htm
The Stavropol territory, YUFO/nature and ecology, economy and finances, organs of authority in the Stavropol territory Canadians realize ecological project yesterday in the evening the governor of the Stavropol territory Aleksandr chernogorov it conducted encounter with the management of American- Canadian company "striae petroleum LTD": by the President of company Mr. Semom By khaymsom, by Vice President by Mr. Khaymom Flattom, by director on the technology by Mr. Robert yeggya and by the financial director of company Mr. Nestor voychishchin. Having for the elongation already of two and one-half of years a representation in Russia ("striae petroleum OF THE CIS", Moscow), company enlarges its activity, actively is studied situation in the petroleum branch of regions, and in particular successfully it works in the territory of the republic of Bashkirya. As they reported to the correspondent of "Caucasian knot" in the press- service of the governor of the Stavropol territory, on Stavropol'e of "striae petroleum LTD" it was intended to enter with the ecological project of cleaning petroleum sludges in the zone of oil output in the east of edge. Canadians developed the unique technology, which allows with the aid of the chemical means and the chemical-mechanical processes to split slimes into the clean oil (more than 90%), water, clay, sand and other soil formations. One installation of mini- plant for cleaning of the petroleum sludges with cost approximately 2 million dollars is capable of reworking from 100 to 400 tons of materials hour. Such installations have already long ago been adapted in Canada with processing of heavy petroleum it is sand, which more complexly yield to cleaning, than slimes. In Bashkirya "striae petroleum LTD" realizes ecological project to 2 mln. tons of slimes, on Stavropol'e starting stage can be 0,5 mln. tons. 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. During their visit to the Stavropol territory the President of company Mr. sem Khayms and his deputies left into The neftekumskiy region, in order on the spot to study situation with the side effects of oil output and to present its proposals to the organs of local authority and working in the east of the edge.
this is a Babel Fish Translation.
original post
http://kavkaz-uzel.ru/printnews/news/id/1122060.html
if anyone will be talking to Sam, would you ask him if he is funding his "eor" project from the sale of SPRL stock. and if not how is he getting funding?
ask him if "eor" is paying any of the rent for the shared offices, or is that all being paid by sprl share holders.
ask him how much time of the day is he spending on "eor" projects, and how much is being spent on SPRL.
ask him if SPRL is dead in the mud, and now he's working on a new private project.
ask him why sprl share holders are left in the dark.
ask him if he feels an sec investigation should be conducted for funding his privately held company by issuing sprl shares.
ask him to let us know what is going on so we don't start coming to our own conclusions.
"raw" investors will turn nose the Moscow corporation "itera" recently it declared, that it was intended to sell its largest active membership on Stavropol'e - The zhuravskoye natural gas layer.
Zhuravskoye - one of the largest natural gas layers in the edge. It is located to the south from the grateful, they began to develop it in 1986; however, soon they preserved because of the low profitability. At the end of the 90th license for the development of layer it acquired "To rosneft'", but output here so was not renewed. In 2004 Of "itera" purchased this layer, after spending on deconservation and equipping of almost 100 mln. rubles. However, associating the sum of investments it was planned at level $60 of million. (including to the building of oil refinery in The novoselitskeye region with a thickness of 25 thousand tons). In the past year on The "zhuravskom" they began to rock oil. In all it was here planned to obtain 330 thousand tons of "black gold" per year - which with its proven reserving into 7 mln. tons would make it possible to ensure stable output not less than to 20 years. And here now - Muscovites "cut" their "gold hen". By the way, besides The zhuravskyyo layer, "itera" it developed in the edge two additional major projects - Beshpagirskoye layer of titanium, zirconium and scandium in The grachevskeye region (large in Europe) and Malkinskiy sand-gravel quarry in the Kirov region (largest in YUFO). Both objects "itera" it also recently sold. Alas, situation typical for the raw branches Of stavropol'ya - investors increasingly more frequently will turn nose from our region. Thus, from the end of the 90th governor fosters the idea of the building of the immense Budennovskogo oil-refining complex - plants of petroleum chemistry and thermal power station on the base of the neglected plant hearth Budennovskom. The assumed volume of processing would comprise not less than 1 mln. tons of oil per year. True, after the first "portion" of investments in $2 mln. disappeared in the unknown direction, they forgot about the project. Already many years promise to fix the production of bromine and iodine from the stratal water, located in the zone Of the pelagiadskyyo layer of gas (this project it could completely ensure the need of the entire country for iodine). In 2003 was signed the protocol about the intentions between the government of edge and the company "gas oil" (by Kaliningrad "daughter" Of "gazproma") on the resuscitation of the manufactured oil wells and the development of new layers. Intentions remained on the paper. In the past year was announced the project of American- Canadian company "Strat Petroleum LTD" on processing of the by-products of oil output and developing the petroleum pour on in the east of edge. But further the heap of papers the matter is again not shrewd. To stavropol'e - one of the richest regions on the margins of the mineral-ore resources: this about 300 layers of minerals - oil, gas, gypsum, sand, mineral waters, therapeutic mud... Total cost of this wealth, according to the estimations of specialists, about $60 billion. Some forecast oil stockpiles alone in the edge comprise not less than 400 mln. tons, but natural gas - 500 billion cubometers. On one of the sessions main federal inspector on the edge Aleksandr korobeynikov in the hearts questioned in regard to this: "but if we such clever, why we such poor?" But can, and not clever completely?..
http://opengaz.ru/issues/45-282/itera.html
I've just written a very long post which I've chosen not to post.
mostly because I honesty care for the guys I've been reading post's about for the past 3.5 years.
I still own all my stock in SPRL... why, I don't know, probably because it isn't worth the commission to sell it.
15k down to jack...
I'm not going to sell it now, It's a mental loss.
for the guys that management still talks with could you please email me at greenbullz@hotmail.com
Sam, Joe, Pat, when is it time to say sorry we tried?
Happy Holidays everyone.
Nov 15, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Frank Love, President of James Monroe Capital Corp.
(Pink Sheet: JMCP), Updates shareholders.
Frank Love states, "James Monroe Capital Corp. is about 90% complete
with its restructuring. The Company that will emerge will be a Company
that is focused squarely on our Oil and Gas deals in Russia and here in
the U.S. States with large mining assets to support our valuation. The
Companies Outstanding Share count will be resized to meet the goals of
the new Corporation"
Frank Love also states, "A new corporate web site will be developed to
ensure the Company has proper exposure on the World Wide Web and a
shareholders message forum ."
Director Responsibility
Directors are responsible for their actions at many levels. Their duties toward the firm's stakeholders go beyond their simple duty to maximize the shareholders' wealth. One may divide the directors' responsibility according to three criteria:
Fiduciary duty
Duty of loyalty
Duty of care
Fiduciary duty
The most important duty of board members is probably that of being a representative of the firm and its stakeholders. One may define the fiduciary duty board members as a combination of both integrity and competence. Any board member must therefore be trustworthy enough to represent with all possible diligence the firm, and must act in the best interests of the company.
The problem is that representing the corporation as a whole may put the director in the middle of a conflict between different classes of shareholders who expect different things from the corporation, or in the middle of a conflict between the different types of stakeholders in the corporation. The fiduciary duty of directors toward the corporation then means that shareholders' wealth maximisation should not be the directors' main concern as much as the maximisation of the firms' value. As I stated previously, this may cause conflicts within the firm and tear the loyalty of the directors at the seam. As a result, directors must be able to aggregate the utility functions of all stakeholders in the firm using a utilitarian approach. In smaller corporations, where the ownership is more concentrated and where conflicts between shareholders may be more personal, simple stating that the directors' fiduciary duty is to maximize shareholder wealth may miss the point completely.
Even in large corporations, maximizing the firm's profits or the shareholders' wealth still represents an unclear concept. For example, Drucker (1980) states that the simple notion of profit and its impact on shareholder wealth is not clear because the accountants' notion of profit is a contemporaneous measure of the firm's wealth whereas shareholder wealth represents the present value of cash flows generated by the firm in the uncertain future. In particular, investment in research and development does not generate profits in the current annual statement, but may increase the shareholders' wealth.
The discrepancy between firm profit and shareholder wealth is much larger for firms that operate in a very risky environment such as the high-technology and the biotechnology industries. As a result, the board of directors' fiduciary duty may be even harder to define in firms operating in these industries than in firms operating in mature industries. The harder it is to define the directors' fiduciary duty to the firm and its shareholders, the harder it will be to show that the directors did not meet their obligation.
If defining profit and shareholder wealth were not difficult enough, the directors' fiduciary duty also extends to other stakeholders, including employees, clients and society as a whole. For example, a firm may devote resources to social activities (typically charities) that in no way increases the firm's profits or the wealth of its shareholders because shareholders are part of society so that they benefit, albeit very indirectly, from these social activities.
Duty of loyalty
Upon his nomination on the board of directors, any director implicitly swears allegiance to the corporation and its board. As a result, the personal welfare of any board member is subordinated to the welfare of the corporation and its multiple stakeholders. A board member therefore cannot personally benefit from his position on the board. This includes but is not limited to insider trading and the selling of inside information. The duty of loyalty also extends to the duty of not engaging in direct competition with the corporation.
The duty of loyalty also encompasses a duty of fair dealing. This means that any board member who may be in a conflict of interest because of a business opportunity of the firm must reveal to the other board members that such a conflict may exist. Put differently, any professional dealing a director does with the firm on whose board he sits must be done in an up-and-up manner so that there can be no apparent use of his position as a director to extract undue rents for himself or for another corporation. The director's duty of fair dealing does not mean that he is barred from any professional dealing with the corporation who board he sits on; rather, the director must reveal the existence of such a conflict of interest so that the corporation's officers and other directors are aware that it exists. He must also refrain from voting on topics in which he has an interest.
Duty of care
The duty of care stipulates that a director must act in accordance to what any reasonable person would do if that person was a corporate director (this is in contrast to the "prudent standard" in force in the United States). This duty extends to the amount of time, effort and resources a director must invest in verifying the behaviour of the firm's corporate officers, just like any ordinary reasonable person would do.
The duty of care does not mean that the director is responsible for knowing all that is going on in the corporation; no normal person can do that. In that sense the director is allowed to trust other directors, the officers or any external body that has a better knowledge of the situation of the firm (for example the firm's independent auditors). This means that although directors are not responsible for knowing all that is going on, it is their responsibility to hire the right set of people as managers, auditors and advisors so that they are better able to gather the true information about the health of the firm.
Of particular importance in the director's duty of care is that he must do all in his power to supervise correctly and efficiently the officers. In particular, the supervisory duty addresses the question of the knowledge that directors must have about the firm's operations and finances. The supervision by the board of directors also means that it is the directors' duty to develop a policy regarding ethics in the corporation and on the board. The board members' ethics policy encompasses the nomination of members on the board's auditing committee whose task is to provide accurate reporting of the corporations' health. Finally, the most important aspect of the directors' duty of care is to meet on a regular basis to discuss firm's strategic positioning and ask incisive questions to the management team, just like any reasonable person would do.
someone should look into starting a class action suit.
any opinions?
TA will only confirm O/S by email.
you can send the request to info@selectfidelity.com
NEW YORK, Oct 01, 2007 (BUSINESS WIRE) --
cQuest announced today that it does not currently provide
consulting services to Strat Petroleum Ltd. (OTC:SPRL) and has
terminated its relationship with Strat Petroleum, Ltd.
About cQuest
cQuest is a global capital markets advisory firm with offices in
New York, Hong Kong, Phoenix, Montreal, Toronto and Calgary. Providing
its clients with a customized choice of investor relations and
financial communication solutions, designed to fit clients' individual
needs, cQuest assists companies with market capitalizations of less
than $200 million achieve fair market valuation and strengthened brand
recognition in the global financial markets.
SOURCE: cQuest
cQuest
Linda Bergkamp, 480-614-3014
Vice President
lbergkamp@christensenir.com
just kidding, it's pretty dead around here.
and I can't remember what movie that line was from?
so... do you guys like stuff?
on a good note: Reuters is still following Strat. profile updated today!
http://www.investor.reuters.com/business/BusCompanyOverview.aspx?ticker=SPRL&target=%2fbusiness%...
20 million shares for sale and noone to buy... trust me it's gunna drop.
lets just hope Sam hasn't been taking business advice from Love. Velvet, any word from sam over the weekend?
recieved 09/10/2007
Dear xxxxxxxx, The total o/s for SPRL is 403,446,351 shares.
Regards,
Joanne
Select Fidelity Operations
older article, but interesting...
22-06-2006 Rosneft state oil co. to manage Udmurtneft - Putin
President Vladimir Putin said Wednesday that state-controlled Rosneft oil company would manage regional producer Udmurtneft [RTS: UDMN], recently sold to leading Chinese oil producer Sinopec. "This deal will certainly strengthen Rosneft and raise its capitalization," Putin said during a visit to Izhevsk, the capital of Udmurt Republic in the Volga region, adding that Rosneft would launch an initial public offering of its shares in the near future. State-run Rosneft will acquire 51% of Udmurtneft from China's Sinopec, which won a tender Tuesday to buy the asset from TNK-BP [RTS: TNBP], respected Russian business daily Vedomosti said. On Tuesday, TNK-BP said it had agreed to sell 96.7% in the oil producer, which is based in the Volga-region republic of Udmurtia and provides 8% of TNK-BP's oil output, to China Petroleum & Chemical Corporation, part of the Sinopec Group. Sinopec will then finance the Rosneft deal for Udmurtneft, which the Russian oil company will repay from the new asset's earnings. In May, Rosneft concluded an option deal with Sinopec to buy 51% in Udmurtneft if Sinopec won the tender, Rosneft said in a news release quoted by the paper. A high-ranking Kremlin source said Wednesday that Russia and China had agreed that Udmurtneft's main unit would remain in the Udmurt Republic and that it would pay taxes to the local budget. "In general, I think, it would be good for the republic," Putin said. "It would help the republic to develop its energy sector."
"Alliance Media" News Agency, based on the story by RIA Novosti
Sep 04, 2007 (M2 PRESSWIRE via COMTEX News Network) --
RBC update: The Board of Directors of Gazprom Neft will consider the
approval of a joint venture with LUKoil today. All the necessary
documents have been prepared, LUKoil's Vice President Ravil Maganov
told journalist today. He added that a representative of LUKOil will be
the new company's chief for the first five years. Both companies are
expected to contribute part of their existing assets to the joint
venture. Maganov also said that the new company will participate in
various tenders.
Aton Capital has maintained it's "buy" rating on Lukoil with a target
price of 88. On August 30, 2007, the BoD meeting of Lukoil (LKOH) was
held to address the company's H107 preliminary results and YTD
execution of the budget. The company's investment program for 2008 will
amount to $10 bln. A decision was adopted at the AGM to add a provision
to the charter about 85 mln authorized shares, which accounts for 10%
of the total number of Lukoil shares. Aton Micro Strategies, a pilot
division of Aton Research, has also initiated coverage on Strat
Petroleum (OTC: SPRL) with an initial "buy" rating and a target price
of .11 based on acquired reserves and several pending Russian related
cooperation contracts.
The net profit of TNK-BP International Ltd. Under US GAAP dropped 30
percent to $2.03bn in the first half of 2007 compared to the same
period a year earlier, the company's official documents state. Sales
revenue edged down 6.2 percent from $18.02bn to $16.9bn. Pretax profit
went down 30 percent to $2.872bn in the first six months of 2007
against $4.126bn in January-June 2006. The company's assets increased
by 5.3 percent and amounted to $24.85bn as of June 30, 2007. TNK-BP
forecasts that its oil output will reach 73m tonnes in 2007 (including
Slavneft's production). Meanwhile, the company's output is projected to
edged up 1-1.5 percent in 2008.
Rosneft is preparing to issue 3 ruble-denominated bonds for a total of
Rub 45 bln, a source close to the bond arrangers told Interfax-AFI.
According to the same source, the issues will be equal in terms of
volume, with the first scheduled for flotation by the end of 2007 and
the other two in 2008. Maturity of the fixed-income instruments will
not exceed 7 years. Investment company Troika Dialog, Gazprombank and
VTB were appointed as bond arrangers.
Investment bank UBS has raised its target price for American Depositary
Receipts (ADRs) issued by Golden Telecom from $43.40 to $72.00 per
receipt, the bank said in a note. The recommendation on the stock was
lifted from Sell to Hold. UBS revised its forecasts for Golden
Telecom's financial indicators and incorporated Corbina Telecom into
its valuation model. Based on the revisions, the new target price for
Golden Telecom's ADRs came to $72.00, which implies 6% upside to the
current stock valuations and a Hold recommendation.
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Ridgeland, MS, AUG 14, 2007 (EventX/Knobias.com via COMTEX News Network) --
By Jay Everitt, jeveritt@knobias.com
Strat Petroleum, Ltd. (SPRL) has formally announced that during the last
several months management has been evaluating alternative financing proposals, evaluating
and securing rights to new technologies and solutions for application in the Russian
Federation and former CIS, and continues due diligence of several additional opportunities
in the Russian Federation.
The results of these efforts are reflected in several current and pending
operating projects and relationships, the full details of which will be provided
by Strat Petroleum to its shareholders in the coming weeks, followed by consistent
updates.
KNOBIAS DISCLAIMER: All statements made in this article were made by the
Company and do not in any way reflect the opinions of Knobias. Knobias is not a
registered broker-dealer, nor investment advisor, and does not endorse or recommend
any securities mentioned. This story is provided for informational purposes only
and is not intended for trading purposes. Knobias shall not be liable for any actions
taken in reliance of any information provided herein. Republication or redistribution
of Knobias content is expressly prohibited without prior written consent of Knobias.com,
LLC.
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abbam, thanks for the PM, can you tell me how that was verified.
Agree! however without jmcp they likley would have issued a lot more shares than they did.
last time they posted strat's photos on their web site was right before they announced that strat and jmcp had a j/v to process oil sludge.
Maybe strat is negotiating contracts to apply their enhanced
oil recovery to some of Rosneft's Stripper Wells with jmcp as another j/v partner.
all in all, we arn't gunna know nutin till Sam lets us know.
and Sam most likley will not let us know till its final.
JMCP is a little more PR happy than Sam.
I'm guessing the unnamed "joint venture partner" would probably be strat/eor. however it's just my guess... no solid dd on the matter.
I just wish EOR will hurry up and buy out Strat!!!
IMHO
eSignal buy you can see them on pinksheets.com
Aug 02, 2007 (M2 PRESSWIRE via COMTEX News Network) --
JMCP Corp. James Monroe Capital (JMCP) President Frank Love, is pleased
to provide additional information on a Joint Venture for the enhanced
oil recovery of Stripper Wells.
"We have signed this joint venture about a 3 months ago. The joint
venture partner wants to remain anonymous for now since they are in the
process of purchasing stripper wells for us to add our enhanced
oil-recovery techniques so as to produce more oil from the existing
wells. This should also produce immediate cash flow for James Monroe
Capital.
The 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.
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.
I will be announcing details once the stripper wells have been acquired
and our Joint Venture Partner gives us permission to reveal their
identity".
"look at the facts" now I would be more than interested in seeing your "facts" about how Strat is not bringing in cash flow. How exactly did you uncover such a conclusion???
In the most recent contact with Sam in their interview with the Eurasia Equity Report they state “According to Hyams, Strat Petroleum is already bringing in revenues."
How is it you continually state Strat is not bringing in revenues, when Sam Hayms is saying they are? Please show us your "facts" or stop posting because we're sick of you constantly repeating yourself without showing any credibility.
Exactly… it's easy to say maybe this … maybe that, It will be nice once speculation is a think of the past and Sam lets us know what the heck's going on. I'm looking forward to hearing what he has to say though!!
From May Pr:
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.
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.
I'm ready for change!
06/21/2007 msg# 10185
"According to Hyams, Strat Petroleum is already bringing in revenues. He would not elaborate as to how much, but said that information will also be forthcoming."
I've been under the impression that the audit has already been done.... and for some reason Sam is just sitting on it???
VM, would you be able to comment on thie?
Thanks VM. I've been looking for any info I can today. I'm thinking they'd be dealing with China Petrochemical Corp. however I have yet to find any info to verify this.
also worth noting from the website:
"Please note that we have not been compensated in any way from the companies featured on this website, including cash or company stock. We are an independent organisation and all of the opinions and statements made on this site are the sole opinions of the authors. Please see the disclosure section for additional information. "
http://www.eurasiaequityreport.com/id2.html
Strat Petroleum, LTD. (OTC: SPRL.PK) While we don't normally recommend penny stocks, especially non reporting pink sheet stocks, this one recently caught our eye thanks to the suggestion of Sergi Blagov in Moscow, who is very familiar with Russian oil markets and events. While a company of this size may seem out of place with respect to the other two companies profiled, we are including it in this issue. Strat Petroleum has entered a little known but potentially very profitable niche: recovering usable oil from sludge ponds. We see this as an opportunity because there are very few companies involved in this line of business and sludge waste is a very big problem in Russia, particularly for the environment. In early 2006, Strat Petroleum set up a joint venture in Bashkorstan and named it Strat Nafta Ufa and registered it as an LLC in the Republic of Bashkorstan. They acquired 1,000,000 metric tons of sludge reservoirs with a market value of almost $88 million dollars. Blagov has seen these reservoirs and was very impressed with their size and potential for oil recovery that these ponds could generate according to calculations.
Based on current market prices in the Russian Federation, the total reserves Strat Petroleum acquired have the potential to generate over $165 million over the next three to five years. Strat has also received all government approvals for the building of processing plants at these sludge sites. Recently, senior management met with officials from Rosneft, the Russian oil giant, to discuss a potential partnership servicing oil fields. Although not confirmed yet, one of our researchers with close ties to Chinese business tells us that she has heard strong rumors that Strat Petroleum may have an agreement, coincidently, with a subsidiary of Sinopec. Again, believed but not confirmed.
Readers are cautioned to note that most of their past announced projects and joint ventures have not materialised. Due to the fact that they do not file with the SEC and information is difficult to assess, we interviewed Samuel Hyams, CEO, and we found that due to unforeseen circumstances in the Russian equity markets, in 2005 they had to overhaul their business model in order to maximise shareholder value. They entered the sludge market after careful review, and he believes that shareholders will be excited in the near future as he feels that the current stock price is "severely depressed" in relation to their actual progress. It is not a glamorous business, but could be highly profitable. Strat Petroleum now owns these sludge reservoirs and they are looking for more sludge pits to acquire without the need for joint ventures. He feels that they are poised for a very good year. Unfortunately, due to non disclosure agreements, Hyams stated that the company cannot release more information for investors at this time, but will when those agreements are no longer an issue.
Strat Petroleum recently completed a $1 million dollar financing agreement, as well as signing a letter of intent with a firm that owns a sludge remediation process that will enable fast, efficient oil recovery from these ponds. According to Hyams, Strat Petroleum is already bringing in revenues. He would not elaborate as to how much, but said that information will also be forthcoming.
We view an investment in Strat Petroleum as extremely speculative, especially since they do not file reports with the SEC so investors should proceed with the utmost of caution. However, it also has the opportunity to become a success story, as some but not many penny stocks do . They have approximately 300 million shares outstanding and a share price as of this writing of less than a penny. We feel that based on the assets alone that they say they have acquired, a fair market value would put it at .25 a share right now in our estimation. And with the potential for more assets to acquire and new sludge processors, it could trade much higher over the next 3 years. Website www.stratpetroleum.com
http://www.eurasiaequityreport.com/id2.html
Strat Petroleum, LTD. (OTC: SPRL.PK) While we don't normally recommend penny stocks, especially non reporting pink sheet stocks, this one recently caught our eye thanks to the suggestion of Sergi Blagov in Moscow, who is very familiar with Russian oil markets and events. While a company of this size may seem out of place with respect to the other two companies profiled, we are including it in this issue. Strat Petroleum has entered a little known but potentially very profitable niche: recovering usable oil from sludge ponds. We see this as an opportunity because there are very few companies involved in this line of business and sludge waste is a very big problem in Russia, particularly for the environment. In early 2006, Strat Petroleum set up a joint venture in Bashkorstan and named it Strat Nafta Ufa and registered it as an LLC in the Republic of Bashkorstan. They acquired 1,000,000 metric tons of sludge reservoirs with a market value of almost $88 million dollars. Blagov has seen these reservoirs and was very impressed with their size and potential for oil recovery that these ponds could generate according to calculations.
Based on current market prices in the Russian Federation, the total reserves Strat Petroleum acquired have the potential to generate over $165 million over the next three to five years. Strat has also received all government approvals for the building of processing plants at these sludge sites. Recently, senior management met with officials from Rosneft, the Russian oil giant, to discuss a potential partnership servicing oil fields. Although not confirmed yet, one of our researchers with close ties to Chinese business tells us that she has heard strong rumors that Strat Petroleum may have an agreement, coincidently, with a subsidiary of Sinopec. Again, believed but not confirmed.
Readers are cautioned to note that most of their past announced projects and joint ventures have not materialised. Due to the fact that they do not file with the SEC and information is difficult to assess, we interviewed Samuel Hyams, CEO, and we found that due to unforeseen circumstances in the Russian equity markets, in 2005 they had to overhaul their business model in order to maximise shareholder value. They entered the sludge market after careful review, and he believes that shareholders will be excited in the near future as he feels that the current stock price is "severely depressed" in relation to their actual progress. It is not a glamorous business, but could be highly profitable. Strat Petroleum now owns these sludge reservoirs and they are looking for more sludge pits to acquire without the need for joint ventures. He feels that they are poised for a very good year. Unfortunately, due to non disclosure agreements, Hyams stated that the company cannot release more information for investors at this time, but will when those agreements are no longer an issue.
Strat Petroleum recently completed a $1 million dollar financing agreement, as well as signing a letter of intent with a firm that owns a sludge remediation process that will enable fast, efficient oil recovery from these ponds. According to Hyams, Strat Petroleum is already bringing in revenues. He would not elaborate as to how much, but said that information will also be forthcoming.
We view an investment in Strat Petroleum as extremely speculative, especially since they do not file reports with the SEC so investors should proceed with the utmost of caution. However, it also has the opportunity to become a success story, as some but not many penny stocks do . They have approximately 300 million shares outstanding and a share price as of this writing of less than a penny. We feel that based on the assets alone that they say they have acquired, a fair market value would put it at .25 a share right now in our estimation. And with the potential for more assets to acquire and new sludge processors, it could trade much higher over the next 3 years. Website www.stratpetroleum.com
Eurasiaequityreport.com: Eurasiaequityreport.com Tabs Sinopec, Kinross Gold Corp. and Strat Petroleum, LTD. As Stocks To Watch For Q3-Q4 2007!
--------------------------------------------------------------------------------
Thu Jun 21 11:24:13 2007 EDT
Jun 21, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Eurasiaequityreport.com, formerly FINAM U.K., an internet presence for
investors seeking information on select companies doing business in
Eurasia, announces that they have profiled three companies that they
believe have the opportunity for growth for the remainder of 2007.
China Petroleum and Chemical Corp (SINOPEC) (NYSE: SNP-ADR), Kinross
Gold Corp (NYSE:KGC, TSX: K), and Strat Petroleum, LTD (OTC: SPRL) are
primed to grow in the Eurasia region, specifically Russia. Recent news
has bolstered our opinion:
SINOPEC
Recently found oil reserves of 1.03 billion to 1.5 billion barrels in
the Xinjiang Autonomous Region, according to its parent company, China
Petroleum Corp. The find could raise Sinopec's total oil reserves by 15
percent, and its net asset value by about 5 percent, according to
Gordon Kwan, an oil analyst at brokerage CLSA. Russian oil executives
have recently pledged to develop joint projects with China to pump
crude oil in Russia. On February 5 2007, the state-owned oil company
Rosneft and the Chinese petrochemical corporation Sinopec held the
first meeting of a bilateral coordination committee to discuss crude
oil supplies to China via Mongolia, as well as future joint refinery
and petrochemical projects. Visit them at www.english.sinopec.com
Kinross Gold Corp.
Kinross was the top performing senior gold equity for 2006 with over $1
billion dollars in sales and maintains a strong balance sheet and a no
gold hedging policy. Kinross' gold equivalent production is expected to
grow to between 2.1 and 2.2 million gold equivalent ounces in 2008 and
2.6 to 2.7 million gold equivalent ounces in 2009 as the Paracatu
expansion, and Kupol and Buckhorn projects are completed and come into
full production. Visit them at www.kinross.com
Strat Petroleum, LTD.
Strat Petroleum has entered a little known but potentially very
profitable niche: recovering usable oil from sludge ponds. In early
2006, Strat Petroleum set up a joint venture in the Republic of
Bashkorstan. They acquired 1,000,000 metric tons of sludge reservoirs
with a market value of almost $88 million dollars. Based on current
market prices in the Russian Federation, the total reserves Strat
Petroleum acquired have the potential to generate over $165 million
over the next three to five years. Visit them at www.stratpetroleum.com
Please visit www.eurasiaequityreport.com for more complete coverage of
these companies.