Strat Petroleum Ltd (SPRL)

[greenbullz]

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.