Strat Petroleum Ltd (SPRL)

[TraderRich]

JMCP Corp.: (Pink Sheet: JMCP) Frank Love Comments on the Economics of the Joint-Venture with Strat Petroleum
via COMTEX

June 12, 2007

Jun 12, 2007 (M2 PRESSWIRE via COMTEX News Network) --

Frank Love, the President of James Monroe Capital, is pleased to provide an update on the financial viability of the joint-venture with Strat Petroleum for the processing of oil sludge in the Russian Federation.

Our estimates as previously stated are to process 3700 barrels of sludge per day multiplied by 30 days then in a month we could process 111,000 barrels.

We expect recovery of up to 96% of the hydro carbons in the sludge which for some of the richer sludge reservoirs we are pursuing could mean at 75% plus of oil recovery; however for our calculations we will use 50% oil recovery sold at local prices. Therefore, in a month the total revenues in this JV should be at least $1,000,000.

The gross profit expected is approximately 50% giving the JV approximately $500,000 a month of which 40% will belong to James Monroe Capital or $200,000.

PetroLuxus Solution

The real benefit of the PetroLuxus solution is the ability to scale up operations with minimum investment, thus multiplying the monthly cash flows by several hundred percent.

Royalty Trust

James Monroe Capital's share of the monthly cash flow will be placed in the Royalty Trust to pay out as dividend and it also will be used to buy back as much stock as possible at prevailing market prices.

About James Monroe Capital Corporation

James Monroe Capital Corporation is a publicly traded holding company (symbol JMCP) that focuses on acquisitions, start-ups and oil ventures around the globe. The company solicits purchase contracts in the oil sector for stable income to build shareholder value. These efforts are "opportunistic and time-sensitive deals" often involving distressed situations where other parties have something very valuable they are about to lose entirely or economically not practical for larger companies. These are the type of acquisitions or buyouts JMCP will soon be announcing to its shareholders. Over the next 3 to 12 months JMCP shareholders will experience a totally remade James Monroe Capital Corporation focused in the Oil sector, Gold sector and Uranium sector.


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