Strat Petroleum Ltd (SPRL)

[slice8]

There is a big difference between "make" and net.

You are also discounting in your math that SPRL is in a joint venture for the Bashkorstan site. We do not know what percentage of the SNU joint venture is SPRLs. Then also, SPRL has a joint venture that was put together for the investment in the SNU joint venture. You are failing to take that into account as well.

There will have to be several more sites up and running before there is any significant bottom line. It is a long term plan. It will take time to get any return at all.

I own over a million shares with cost basis still above .07

Im in for the long haul, those who are not need to get out. There may be short term swings, but the real payoff is down the road.