Strat Petroleum Ltd (SPRL)

[TraderRich]

etouge: That's a good question and I think velvet can give you a much better answer than I'm about to. If memory serves, I think that at least some, and possibly all, of those contracts were nullified by Sam because they turned out to not be as beneficial for the company as initially thought to be. My understanding is that Sam had quite a few opportunities he was looking at and he wanted to start out with those that would be most lucrative for the company and bring in revenues as quickly as possible. I believe that this is why Sam chose to take the sludge processing route and to put more immediate focus on it, but I also believe that there are still other opportunities lurking in the background.

I hate to have to write this post from the perspective of what I "think" and "believe", but my memory is foggy about some of these issues.

Aloha.