Strat Petroleum recently completed a $1 million dollar financing agreement, as well as signing a letter of intent with a firm that owns a sludge remediation process that will enable fast, efficient oil recovery from these ponds. According to Hyams, Strat Petroleum is already bringing in revenues. He would not elaborate as to how much, but said that information will also be forthcoming.
Could that be the $1 million discussed by JMCP?