Strat Petroleum Ltd (SPRL)

[greenbullz]

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.