Strat Petroleum Ltd (SPRL)

[greenbullz]

Aug 02, 2007 (M2 PRESSWIRE via COMTEX News Network) --
JMCP Corp. James Monroe Capital (JMCP) President Frank Love, is pleased
to provide additional information on a Joint Venture for the enhanced
oil recovery of Stripper Wells.
"We have signed this joint venture about a 3 months ago. The joint
venture partner wants to remain anonymous for now since they are in the
process of purchasing stripper wells for us to add our enhanced
oil-recovery techniques so as to produce more oil from the existing
wells. This should also produce immediate cash flow for James Monroe
Capital.
The stripper wells, often known as marginal wells before 1960, often
produce less than 10 barrels per day. However, they are economic
necessity for the United States since they produce more than 17% of all
the oil produced onshore in this country.
The existing mature oil fields that will be acquired and then the
enhancement process added, will result in increased production ranging
from 300% to 1000%. The portfolio of oil properties that can be
acquired will provide ample opportunities for us to apply our
techniques. We anticipate getting interest from other owners of
stripper-wells once our success is documented.
I will be announcing details once the stripper wells have been acquired
and our Joint Venture Partner gives us permission to reveal their
identity".