Strat Petroleum Ltd (SPRL)

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If we have any contact with this company, Im not sure its a good thing...


KILLEEN, Texas--(BUSINESS WIRE)--April 13, 2007
Frank Love, the president of James Monroe Capital (PINK
SHEETS:JMCP), issued the following statement on his intentions for the
direction of the company.

Love stated, "When I took over this company, it had restricted
shares in Originally New York and some marginal equity properties. The
share price had a bid of "unpriced" and an ask of $0.0001. This meant
that an investor could buy the stock but it would prove to be
difficult to sell it.

I have come up with the following strategy that I will follow.

1) No reverse-splits. In my experience, when reverse-splits occur,
the share price usually falls to the level that the original
reverse-split started from. Shareholders usually never benefit from
this. I will not reverse-split this company since I do not believe it
will benefit the shareholders whose interests I hold paramount.
2) Buy-back. We have billions and billions of shares outstanding.
We will remain on the Pink sheets and will never get institutional
interest if this continues. I intend to buy-back as many shares as I
can at $0.0001 with the revenues generated from our oil deals. In
addition, I will only enter into deals where there is cash flow that
will allow me to do this. This will allow our share price to increase
so that we won't be a sub-penny as well as to provide a bid price with
which investors will have an exit strategy. Our share price should
eventually reflect the assets that we have placed inside of it.

3) Exchanges. Once the buy-back has been completed and our
outstanding share-structure has been drastically reduced, I intend for
us to move to either the AMEX or Nasdaq. In addition, I would like a
dual listing on the AIM or Frankfurt.

Please be patient with both our new management team and myself as
we execute this strategy."