Thursday, October 26, 2006 10:06:18 PM
Strat Petroleum Completes First Stage Financing & Begins Processing of Oil Sludge
Strat Petroleum, Ltd.
(OTC:SPRL),
an emerging exploration and development company focusing
on oil and gas opportunities in the Russian Federation -
today announced that it has completed a letter of 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; the first shipment
of approximately 150 barrels of crude oil to be provided
under contract to a local customer at a profitable price
will be delivered on October 27th.
The SNU joint venture has signed an agreement with this
customer to supply at least 300 bpd and has lined up
additional customers for future production in excess
of the 300 bpd.
During the past few months Strat has been performing
extensive due diligence in the form of evaluation and
testing of various solutions available to
process oil sludge.
In our attempts to arrive at a solution that would not
only be effective but very efficient and economical,
Strat had to review several available solutions.
Strat believes it has arrived at a very good and economical
solution that includes mechanical and ground breaking
chemical formulae to generate maximum profit and
highest shareholder value.
Strat's primary objective is to increase production
at the first site within a few weeks to at least 300 bpd
with production increasing to in excess of 1,000 bpd
early in the New Year.
At the same time Strat is evaluating new sites to
establish processing operations and will be ordering
additional equipment to begin operations early in the
New Year at these sites.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development
company focusing on investment in oil and gas properties
and other related projects in the Russian Federation.
For more information, please visit the company website at
http://www.stratpetroleum.com.
The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax)
and 646-216-9751 (U.S.).
Statements made in this press release regarding the Company's
or management's intention----other risks that may be
referenced from time to time in the Company's filings
with the Securities and Exchange Commission.
Strat Petroleum, Ltd.
Tanya Hyams, 905-761-9169
Source: Business Wire (October 25, 2006 - 9:01 AM EST)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=2740
http://www.stratpetroleum.com./home.html
Sam Hyams Orthodox Jew Next Oil Baron?
Category Business And Finance
Article Title Orthodox Jew Next Oil Baron?
Author Howard Bloomberg
Article Summary H. Sam Hyams, a Toronto businessman
and Orthodox Jew, is on his way to becoming a major
player in the world oil markets with his company
Strat Petroleum, Ltd.
A well respected businessman in Canada, Hyams has
a strong network of contacts in the U.S.
and especially Russia.
His company is investing in the development of oil fields
in Russia through direct investment or the establishment
of joint ventures.
They are also leveraging relationships with local refineries
to secure refined oil product for sale to international
markets, in order to generate revenues and cash flows.
To achieve these objectives, Hyams is following an aggressive
acquisition and sales strategy and pursuing the best financing
alternative for each opportunity in order to realize early
returns on investment.
His 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.
Mr. Hyams, CEO and President of Strat Petroleum, Ltd holds
a Masters Degree in Business Administration from York University
in Ontario and is a Chartered Accountant.
His extensive experience over the past 20 years in Canadian
industry and on the international scene has included positions
in finance and accounting to assisting in establishing new
ventures by securing financing, and managing their business
plans.
If successful, Hyams will join only a handful of U.S.
companies successfully penetrating -
the Russian oil landscape.
The Company is a publicly traded on the NASDAQ
Emerging Pink Sheet Exchange (symbol:SPRL)
and their website is
www.stratpetroleum.com
About The Author
Howard Bloomberg is a retired author who has written more
than 25 How-To books for financial professionals.
An immigrant from Russia in 1962, Bloomberg was instrumental
in the discovery of "candlestick pattern" trading.
He lives in Washington, D.C. with his wife of 52 years.
Facts;
http://tinyurl.com/a5wz9
http://tinyurl.com/d5f9x
SPRL news was fantastic
there should be no doubt
Strat is the real
deal siging contracts with
the RUSSIAN GOVT
confirms this -
State-owned Rosneft
Rosneft controls Yuganstneftgaz
http://www.rosneft.ru/english/
SPRL is NOT a Short term play!
SPRL is a LT Large Crude play ...
http://tinyurl.com/99lky
---
Strat Petroleum, Ltd.
(OTC:SPRL),
an emerging exploration and development company focusing
on oil and gas opportunities in the Russian Federation -
today announced that it has completed a letter of 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; the first shipment
of approximately 150 barrels of crude oil to be provided
under contract to a local customer at a profitable price
will be delivered on October 27th.
The SNU joint venture has signed an agreement with this
customer to supply at least 300 bpd and has lined up
additional customers for future production in excess
of the 300 bpd.
During the past few months Strat has been performing
extensive due diligence in the form of evaluation and
testing of various solutions available to
process oil sludge.
In our attempts to arrive at a solution that would not
only be effective but very efficient and economical,
Strat had to review several available solutions.
Strat believes it has arrived at a very good and economical
solution that includes mechanical and ground breaking
chemical formulae to generate maximum profit and
highest shareholder value.
Strat's primary objective is to increase production
at the first site within a few weeks to at least 300 bpd
with production increasing to in excess of 1,000 bpd
early in the New Year.
At the same time Strat is evaluating new sites to
establish processing operations and will be ordering
additional equipment to begin operations early in the
New Year at these sites.
About Strat Petroleum:
Strat Petroleum is an emerging exploration and development
company focusing on investment in oil and gas properties
and other related projects in the Russian Federation.
For more information, please visit the company website at
http://www.stratpetroleum.com.
The company's phone numbers are: 905-761-9169 (main), 416-628-8018 (fax)
and 646-216-9751 (U.S.).
Statements made in this press release regarding the Company's
or management's intention----other risks that may be
referenced from time to time in the Company's filings
with the Securities and Exchange Commission.
Strat Petroleum, Ltd.
Tanya Hyams, 905-761-9169
Source: Business Wire (October 25, 2006 - 9:01 AM EST)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=2740
http://www.stratpetroleum.com./home.html
Sam Hyams Orthodox Jew Next Oil Baron?
Category Business And Finance
Article Title Orthodox Jew Next Oil Baron?
Author Howard Bloomberg
Article Summary H. Sam Hyams, a Toronto businessman
and Orthodox Jew, is on his way to becoming a major
player in the world oil markets with his company
Strat Petroleum, Ltd.
A well respected businessman in Canada, Hyams has
a strong network of contacts in the U.S.
and especially Russia.
His company is investing in the development of oil fields
in Russia through direct investment or the establishment
of joint ventures.
They are also leveraging relationships with local refineries
to secure refined oil product for sale to international
markets, in order to generate revenues and cash flows.
To achieve these objectives, Hyams is following an aggressive
acquisition and sales strategy and pursuing the best financing
alternative for each opportunity in order to realize early
returns on investment.
His 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.
Mr. Hyams, CEO and President of Strat Petroleum, Ltd holds
a Masters Degree in Business Administration from York University
in Ontario and is a Chartered Accountant.
His extensive experience over the past 20 years in Canadian
industry and on the international scene has included positions
in finance and accounting to assisting in establishing new
ventures by securing financing, and managing their business
plans.
If successful, Hyams will join only a handful of U.S.
companies successfully penetrating -
the Russian oil landscape.
The Company is a publicly traded on the NASDAQ
Emerging Pink Sheet Exchange (symbol:SPRL)
and their website is
www.stratpetroleum.com
About The Author
Howard Bloomberg is a retired author who has written more
than 25 How-To books for financial professionals.
An immigrant from Russia in 1962, Bloomberg was instrumental
in the discovery of "candlestick pattern" trading.
He lives in Washington, D.C. with his wife of 52 years.
Facts;
http://tinyurl.com/a5wz9
http://tinyurl.com/d5f9x
SPRL news was fantastic
there should be no doubt
Strat is the real
deal siging contracts with
the RUSSIAN GOVT
confirms this -
State-owned Rosneft
Rosneft controls Yuganstneftgaz
http://www.rosneft.ru/english/
SPRL is NOT a Short term play!
SPRL is a LT Large Crude play ...
http://tinyurl.com/99lky
---
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