Latest News Releases

Jan-5-2010
Strata Oil Appoints Vice President Engineering, Director
Strata Oil & Gas Inc. ("Strata") (OTCBB: SOIGF) is pleased to announce the appointment of Shezad Ahmad to the position of VP Engineering and the Board of Directors. Mr. Ahmad is an experienced professional in the petroleum industry, with extensive technical expertise and a broad business background. He has worked overseas in the natural gas and petrochemical industries, and throughout the Middle East. Mr. Ahmad has served as a senior engineer for Schlumberger in Alberta, Canada. "We are delighted to have Shezad aboard the team," said Manny Dhinsa, President of Strata. "Shezad's background in Petroleum Engineering is particularly valuable to Strata, as... more...

Jul-10-2009
Strata Signs Agreement with University of Alberta for Bitumen Recovery Technology
Strata Oil & Gas Inc. ("Strata") (OTCBB: SOIGF) has entered into an option agreement with the University of Alberta for the exclusive Canadian license to the technology relating to “Steam-Over-Solvent Injection for Heavy-Oil Recovery in Fractured Reservoirs” described in part in the Canadian patent application “Hydrocarbon Recovery Process for Fractured Reservoirs” (serial no. 2,639,997). The technology has been developed by Dr. Tayfun Babadagli’s team at the University of Alberta to extract bitumen from fractured carbonates. “As the University of Alberta’s exclusive technology transfer agent, TEC Edmonton looks for local licensing opportunities so that the benefits from local discoveries benefits local businesses,”... more...

Jun-30-2009
Strata Oil Provides Update on Cadotte Project
Strata Oil & Gas Inc. ("Strata") (OTCBB: SOIGF) has provided an update on its Cadotte Project in the Peace River region of Alberta, a world-class carbonate-hosted bitumen discovery. “We are continuing to make excellent progress on our Cadotte Project as our technical team moves forward with its decision on extraction technology,” said Manny Dhinsa, President of Strata. “Based on our preliminary feasibility study, we know the project is very attractive economically, with a discounted net-present value of $1.2 billion. We have based our analyses on Cyclic Steam Stimulation as the preferred recovery-method, because of the extensive and successful testing that has... more...

Mar-5-2008
Strata Oil & Gas Completes Pre-Feasibility Study on Cadotte Project, NPV Exceeds $1 Billion
Strata Oil & Gas Inc. ("Strata") (OTC BB: SOIGF) has released its Pre-Feasibility Study on its 100% owned Cadotte Project in the Peace River Oil Sands area of Alberta, Canada. Based on forecast prices and costs, this Pre-Feasibility economic analysis indicates that the development of Strata's Cadotte Project is economically viable with a net present value (discounted at 10%) of cash flows before income taxes of USD $1.2 billion.  Norwest Questa Engineering Corporation ("Norwest") of Golden, Colorado completed this independently prepared Pre-Feasibility report on behalf of Strata. Norwest conducted an initial economic evaluation of the Cadotte Project, at a level... more...